Local Procurement

Qatar Steel actively contributes to the Country’s economic development by supporting the growth of local businesses through a supply chain localization program called ‘Tawteen’. Tawteen is a strategic initiative led by Qatar Energy which contributes to developing the local economy by providing new opportunities and capacity building for Qatari based companies, particularly small and medium enterprises (SMEs). The program consists of three key pillars: new investment opportunities, supplier development initiatives and a new In-Country Value (ICV) Policy.

Our local acquisition accounted for 35% of the overall procurement costs throughout 2021, as shown in the following table:

In 2021 due to an increase in market demand, Qatar Steel revised its production plan, and accordingly, key raw materials were imported, hence local acquisition accounted for 35% of the overall procurement costs. In 2020 the procurement of imported raw material was according to reduced market demand which resulted in an exceptional increase in local procurement spending to 62 %. However, Qatar Steel continues to prioritize its local procurement commitment to support the growth and diversification of Qatar’s economy.