January 24 to 26, 2022, Saudi Aramco held their 6th iktva (In-Kingdom Total Value Add) conference.
Aramco’s major suppliers praised iktva as unique when it comes to local content programs because:
- Iktva has clear metrics and targets
- It has clear expectations
- The measurement and monitoring are done on at least a quarterly basis
- Iktva combines a carrot and a stick whereas most programs are just sticks
- Opportunities and Aramco’s future are proactively communicated
- It provides a highly successful framework
- It is a true catalyst for local content
- And it is an ecosystem development program not just a company development program.