Localizing business supply chains aims to bring economic growth, technological breakthroughs and brand-new products to the Kingdom, all of which have been possible with our In-Kingdom Total Value Add (iktva) program.
Now, more than five years in, the real impact of our benchmark localization project, iktva, is clear to see, with continued growth in many areas, particularly in the introduction of new industries and services to the Kingdom.
Since 2015, our iktva program has encouraged and supported our Company’s suppliers to hire Saudi talent, develop technologies, and manufacture more vital commodities, systems and components, in Saudi Arabia.
This steady progress towards supply-chain localization has not only benefitted our Company, but also the local and national economy. And there’s still much more impact set to come from growth in exports and increased employment opportunities.