iktva in 2022

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:


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