Local Content is a core component of KSA’s Vision 2030
HRH Prince Mohammed K. Al Faisal, Chairman of the Board
The Kingdom is witnessing a series of important transformations in its pursuit to sustain and continuously improve the quality of life for all citizens.
As a leading national company today, stc is responsible for playing a vital role in shaping the future and achieving it’s desired sustainable development goals.
Olayan Alwetaid, stc Group CEO
Vision 2030 set ambitious goals for the Kingdom of Saudi Arabia to bring about a qualitative leap in the Saudi economy,
including increasing gross domestic product (GDP),
increasing non-oil private sector participation and reducing unemployment. Increasing Local Content is one of the main pillars for achieving these goals.
Local Content is defined as:
The total expenditure in the Kingdom of Saudi Arabia on Saudi components within labor, goods, services, assets and technology
To enable the implementation of stc Group Local Content vision, Rawafed Operating Model will be the core engine across stc group.
A sustainable operating model which cover all Content opportunities for stc group.
What is Rawafed?
What is Rawafed?
Since 2010, stc has made various high-esteem commitments to the Kingdom along with its long local content venture. As local content has become an essential piece of stc strategy, stc launched Rawafed program in 2018.
Rawafed program is the umbrella program to lead and coordinate all local content development activities across stc Group.
Rawafed’s vision is to champion local content to build, develop and grow the ICT sector within KSA by increasing its overall contribution to the economy.
In short, stc will lead local content development in the ICT sector in KSA.