The program inauguration was steered by Ma'aden CEO
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
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
Remote areas: Reinforcing our efforts to support remote communities and businesses, helping create robust, self-reliant business ecosystems that strengthen the local economy.
Supply Chain: Working with organizations across the mining value chain to grow the capabilities and capacity of Local Content.
Ma'aden CEO
'Local content is a catalyst for broader economic growth. Through Tharwah, we will build on our current contributions to the national mining ecosystem and support the remote communities in which we operate to create robust, self-reliant local business ecosystems. Local content could be a great mitigator for supply chain risk. We have learned from the pandemic and current geopolitical events putting pressure on supply chains. Strengthening local capability means that local suppliers will be ready to deal with challenges. By onshoring spend in the mining sector, we will improve the resilience of Ma'aden's supply chains and support delivery of our substantial capital program while creating new, high-quality opportunities for Saudi businesses and youth,' Wilt continued.
Ma'aden targets capital investments of up to
Saudi companies interested in participating in the Tharwah program are encouraged to fill out the vendor contact information form on the Ma'aden website: Local Content
Contact:
P.O. BOX 68861 Riyadh 11537
Tel: +966 (0) 11 874 8000
Fax: +966 (0) 11 874 8300
E: info@maaden.com.sa
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