the in-Kingdom Total Value Add (IKTVA) Program
it's a win-win, and win again program

MoU signed with KBR to strengthen company’s in-Kingdom procurement of services

September 6, 2017

Saudi Aramco’s commitment to develop a competitive and reliable local supply chain through its In-Kingdom Total Value Add (IKTVA) program was given a significant boost with the signing of a Memorandum of Understanding (MoU) with one of its key supply chain partners, Kellogg Brown & Root Limited (KBR). Hosted by Saudi Aramco president and CEO […]

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Saudi Aramco signs agreements with American companies to promote bilateral trade and investment between Saudi Arabia and United States

May 20, 2017

Saudi Aramco today signed agreements with major U.S. companies which will pave way for the company to enhance its business synergy with the U.S. as well as attracting investments from its U.S. counterparts to the Kingdom. The agreements were signed in Riyadh today in the presence of The Custodian of The Two Holy Mosques King […]

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Saudi Aramco CEO: Business partnerships help drive job creation, business localization, and economic growth and diversification

May 20, 2017

Saudi Aramco President and CEO Amin H. Nasser participated today in the Saudi-U.S. CEO Forum, organized as part of the Saudi-U.S. Summit and the historic visit to Saudi Arabia by U.S. President Donald Trump. Held under the patronage of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz, the Saudi-U.S. CEO Forum provides […]

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GOIC and Aramco to support industrial development and localization

March 29, 2017

GOIC delegation pays visit to Saudi Aramco for talks on how to support industrial development in the Kingdom, tackling issues of localization of industrial products and services, with an emphasis in the field of energy projects.   The objective of the cooperation between GOIC and Saudi Aramco is to attract investors, encourage the private sector, […]

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U.S‭. ‬Chamber of Commerce hosts Aramco business forum

January 22, 2017

The U.S. Chamber of Commerce hosted a business forum recently for U.S. companies to learn about opportunities to partner with Saudi Aramco and invest in the Kingdom. The forum comes at a pivotal time for the company as it supports the Kingdom’s economic development plans with emphasis on local manufacturing, workforce training and development, and […]

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Saudi Aramco Reaffirms its Commitment to its Flagship Localization Initiative iktva

December 14, 2016

Saudi Aramco today reaffirmed its steadfast commitment to its In-Kingdom Total Value Add (iktva) localization program by celebrating the accomplishments made by both the company and its suppliers since its launch a year ago. At a ceremony attended by HRH Prince Saud bin Naif bin Abdulaziz, Amir of the Eastern Province, as well as government […]

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Saudi Aramco signs landmark joint venture agreements with Nabors and Rowan

December 14, 2016

Newly-created JVs mark a major milestone in the development of a competitive Saudi energy sector, as encapsulated in Saudi Aramco’s iktva and Saudi Vision 2030 CEO Amin Nasser: Our partnerships with Nabors and Rowan provide opportunities for collaboration to localize the drilling industry and enhance in-Kingdom capabilities   Saudi Aramco signed two landmark agreements with […]

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Saudi Aramco’s In-Kingdom Total Value Add (iktva) Forum 2016 to showcase, recognize companies in boosting Kingdom localization efforts

December 8, 2016

Forum will highlight major localization initiative and its benefits to Saudi Arabia’s economy. Saudi Aramco CEO Nasser: iktva demonstrates Saudi Aramco’s key role as an engine of the Kingdom’s development, and is closely aligned with Saudi Vision 2030. iktva awards to recognize supplier excellence and commitment to value creation in the Kingdom. Saudi Aramco will […]

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IKTVA takes center stage at global supplier forum

September 29, 2016

Saudi Aramco presented its In-Kingdom Total Value Add (IKTVA) program to more than 300 local and international suppliers attending General Electric’s Global Supplier Forum in Riyadh last week. Launched in December 2015, the IKTVA program looks to double the value of locally manufactured materials and services purchased to 70% by 2021, which will fuel an […]

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By Saudis, for Saudis, in Saudi

May 25, 2016

A hulking gas turbine – an example of high precision engineering – stands at Siemen’s Dammam Energy Hub complete and ready for delivery to Saudi Aramco’s vast economic city mega-project in Jazan. This turbine represents much more than just another piece of Saudi Aramco’s power generation apparatus. It is the first such turbine assembled in […]

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