Saudi’s Ma’aden launches “Tharwah” local content program

Saudi’s Ma’aden launches “Tharwah” local content program

Riyadh: Saudi Arabian Mining Company (Ma’aden), the largest multi-commodity mining and metals company in the Middle East, today announced the launch of its Local Content program, Tharwah, at the inaugural Local Content Forum in Riyadh.

The program inauguration was steered by Ma’aden CEO Robert Wilt, CEO of the local content Authority Abdulrahman Al-Semari and witnessed by Minister of Industry and Mineral Resources Bandar Alkhorayef in the presence of ministers and delegates.

Tharwah – which means wealth in Arabic is focused on maximizing the contribution of the mining industry to the Saudi Arabian economy in line with Vision 2030.

By 2040, Ma’aden estimates spending SAR 55 billion on goods and services to support operations, yielding an additional SAR 33 billion in Local Content contribution. This will enable Ma’aden to contribute SAR 88 billion to Saudi Arabia’s gross domestic product (GDP) and create up to 47,000 jobs for Saudi nationals within the same timeframe.

The Tharwah program focuses on five key pillars:

* People: Creating new, high-quality employment opportunities that meet the expectations of young Saudis.

* Businesses: Continuing to create opportunities that incentivize local investment and strengthen the local economy.

* SMEs: Supporting the development of Small and Medium sized Enterprises, as an engine of growth for the