24% of STC’s total procurements are from SMEs

Rawafed programme aims to improve nationalisation figures amongst partners and enhance local content
STC has increased its procurement rates from SMEs to 24% of its procurement budget.
STC has increased its procurement rates from SMEs to 24% of its procurement budget.

Share

STC has launched its Rawafed programme, designed to improve local content and innovation. The company`s initiatives succeeded in raising its procurements from SMEs to more than 24% of total procurements. Rawafed will contribute in raising the percentage of nationalised jobs at its global partners of contractors from 20% to 60% over the next three years. This came within STC`s efforts to enhance local content in line with the objectives of 2030 Vision.

“The Rawafed programme aims to enhance local content and innovation increasing localisation rates, support small and medium enterprises in the field of ICT and train them in transferring knowledge and opening new opportunities for these enterprises beyond the Kingdom, As well as building innovative centres in collaboration with global partners,” said STC Group CEO Nasser Al-Nasser.

In 2017, STC exceeded its target of 15% procurement, and achieved 24%. The company will increase this percentage gradually, directly and indirectly through STC’s partners.

Editor's Choice

Society on the move: Dr Nuria Oliver on how data – and mobile phones – can make the world a better place
Data can help lift up society and make the world a better place, says Dr Nuria Oliver. And a key part of that: mobile phones.
Number of women using mobile phones up 250m in five years - but tech gender gap remains
GSMA study says closing the mobile gender gap also represents a US$140 billion commercial opportunity.
From the mag: how Liquid Telecom is building Africa’s digital future
A lot of organisations may talk about helping to deliver the digital future for Africa. But you’ll have a hard time finding one more fully dedicated to that mission than Africa’s own Liquid Telecom. Group Chief Operating Officer Ahmad Mokhles discusses how it’s achieving that, and what the implications for society – not only in Africa, but around the world – could be.

Most popular

Don't Miss a Story