A bedrock of our strategy at Aramco is to create value in every aspect of our business, maximizing long-term economic growth and diversification.
End of 2015, Saudi Aramco launched the “In-Kingdom Total Value Add” (iktva) Program with the goal of increasing the added value by the local suppliers and supporting the local industry development. iktva, in alignment with Saudi Vision 2030, is a Saudi Aramco strategic imperative and a value-creation program that will enable a globally competitive Saudi industrial base.
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.
For the program details along with the available opportunities, please visit the website.