Summary of Achievements from Saudi Aramco’s 6th iktva Forum held January 24 to 26, 2022.
Saudi Aramco held their 6th iktva (In-Kingdom Total Value Add) conference. Since the program was launched in 2015, this local content program has:
- Increased local content in Aramco’s supply chain from 35% to almost 60%
- Contributed $ 100 billion to Saudi Arabia’s economy
- Attracted an estimated CapEx of $7 billion
- Helped create a competitive industrial base in the Kingdom that is now exporting to more than 40 countries
For more information on Aramco’s iktva: