Strategies for Enhancing Local Content in GCC Energy Sector

This document is a guide that discusses strategies for improving local content in the energy sector of the Gulf Cooperation Council (GCC) countries. It outlines the significant capital investments planned by GCC governments, estimated at US$1.5 trillion over the next 15 years, aimed at expanding energy capacity and upgrading infrastructure. The guide identifies challenges such as the dominance of international engineering, procurement, and construction (EPC) firms, which often source materials from their home countries, thus limiting local economic benefits. It presents the concept of establishing 'National EPC Champions' to enhance local supply chains and talent development. The document recommends four key actions: standardizing demand to unlock economies of scale, localizing supply chains to retain spending, consolidating human capabilities to build a skilled workforce, and facilitating knowledge transfer through joint ventures. These strategies aim to empower GCC economies and ensure that local content contracts are more effective in capturing value within the region.