It is becoming more common for the Saudi customer community to insist that contracts be awarded to locally registered entities. In the case of Government customers, their budgets are increasingly allocated as national funds to be ‘spent’ within the Kingdom and the private sector is becoming more averse to overseas contracts and payment transfers.
The approach to awarding contracts does, of course, vary on the type of sale and the nature of the goods or services.
In appropriate circumstances, Alsayed Group can take the main contract from the customer on behalf of the foreign company. We use a collaborative framework to ensure that the relationship between Alsayed Group and the foreign company remains compliant with relevant Saudi legal requirements and is acceptable to the Saudi customer.