The goal is to satisfy Saudi Aramco supply chain demand and maximize value creation by creating strategic supplier relationships.
Our strategic dimension is to identify new local manufacturing opportunities, increase the national supply base, along with expansion of existing local manufacturers’ diversity and capability.
Saudi Aramco purchases billions in goods and services each year. We partner with suppliers to increase their ability to compete for work and meet our requirements.
In the coming ten years, Saudi Aramco plans for a total capital budget of almost $334 billion.
In December 1, 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 is a Saudi Aramco strategic imperative and a value-creation program that will enable a globally competitive Saudi industrial base.
For the program details along with the available opportunities, please visit the website.