Saudi Aramco announced its In Kingdom Total Value Addition (iktva) program on December 1, 2015. This program is designed to establish the economic foot print and contribution that suppliers make to the Kingdom that will be used to double the local content to 70% by 2021 on an annual spend of $33 billion US. The program has targeted creation of 500,000 new Saudi jobs and increase exports by 30%.
T&M Associates team members provided extensive support in the design, development, and execution of the program.
More information on iktva can be found at this link.