A bedrock of our strategy at Saudi Aramco is to create value in every aspect of our business, maximizing long-term economic growth and diversification.
Through the In Kingdom Total Value Add (IKTVA) program, we are taking action to drive additional domestic value creation to support a rapidly changing economic environment and foster future prosperity.
Working with our suppliers, we will capture value that produces long-term tangible benefits – quality jobs for a growing Saudi population, innovation and diversification of industry, and increased global competitiveness.
As well as driving domestic value creation, IKTVA prioritizes consistency and transparency to create a level playing field for more than 1000 suppliers we are engaged with across our local and international network.
Designed to amplify the efforts of our partners and our investments, IKTVA was developed and tested through extensive consultation, both in Kingdom and internationally.