Saudi Aramco’s 2022 iktva Forum

Supplier Feedback:

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.
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