Riyadh, Kingdom of Saudi Arabia – May 1, 2025: Rua Al Madinah Holding, a PIF company, wins the Local Content Excellence Award 2025, during a ceremony organized by the Local Content and Government Procurement Authority in its third edition, under the patronage of H.E. Mr. Bandar Bin Ibrahim Al-khorayef, Minister of Industry and Mineral Resources, Chairman of the Local Content and Government Procurement Authority, held in Riyadh under the theme “Celebrating Your Contribution”.
Rua Al Madinah Holding was recognized in the “Mega Projects” category under the Private Sector track, which honors large enterprises that have excelled in increasing the percentage of local content. The company has achieved remarkable progress in supporting local content as part of its contributions to the real estate development, investment, and the growth of local sectors. It has also maintained the highest standards of localization by prioritizing local suppliers, contractors, workforce, and resources, in alignment with Saudi Vision 2030 and in support of the national economic growth.
Commenting on the achievement, Mr. Naif bin Saleh Al Hamdan, Chairman of the Board of Directors of the company, stated: “At Rua Al Madinah Holding, we take great pride in this recognition from the Local Content and Government Procurement Authority, which serves as a strong motivation for us to continue advancing our efforts to empower local supply chains by enhancing the capabilities of local suppliers, supporting national talents, and promoting industries and services related to our projects. This commitment aims to achieve economic sustainability that drives growth and increases the Kingdom’s GDP, contributing to achieving the objectives of Saudi Vision 2030.”
In the same context, Eng. Ahmed Al Juhani, CEO of the company, added: “This recognition reflects Rua Al Madinah Holding’s strong commitment to applying best practices across all areas of its business. Supporting local content remains one of our core priorities, as it drives growth opportunities for Saudi companies, strengthens the resilience of our supply chain, and reinforces our role in enhancing the local economy. Additionally, we are deeply committed to empowering national talent.“ He continued: “Through these efforts, we will continue contributing to the growth of a vibrant society and a thriving economy.“
The local content award aims to encourage entities across the public and private sectors, government-owned companies, the non-profit sector, and individuals to further develop local content, raise awareness of its importance, and drive greater compliance with local content requirements. Ultimately, the award seeks to enhance national capabilities and maximize the economic impact of domestic purchasing power, contributing to building a strong and sustainable economy.
Rua Al Madinah Holding’s achievement of the Local Content Certificate — with a local content score of 64.1% — underscores its dedication in advancing sustainable economic development. The company contributes to local growth by undertaking holistic development projects to enrich the experience of residents and visitors of Madinah, integrating local priorities into its operational approach. This commitment includes empowering local suppliers, contractors, and the national workforce, reinforcing a resilient supply chain that supports the national economy and advances the Kingdom’s strategic goals for the future.