Saudi Investment Project Recommendation Series Ⅰ—Aramco IKTVA program

Saudi Aramco is the state-owned oil company of the Kingdom of Saudi Arabia and a fully integrated, global petroleum and chemicals enterprise. Over the past 85 years Aramco have become a world leader in hydrocarbons exploration, production, refining, distribution and marketing. Saudi Aramco’s oil and gas production infrastructure leads the industry in scale of production, operational reliability, and technical advances.

Today, Aramco continue to deliver on Aramco core mission of reliably supplying energy to the Kingdom and the world, and continue to progress towards becoming the world’s leading integrated energy and chemicals enterprise, a top refiner and a creator of energy technologies.

Through the In Kingdom Total Value Add (IKTVA) program, Aramco is taking action to drive additional domestic value creation to support a rapidly changing economic environment and foster future prosperity. Working with the suppliers,

Aramco 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 1,000 suppliers Aramco are engaged with across its local and international network. Designed to amplify the efforts of Aramco partners and investments, IKTVA was developed and tested through extensive consultation, both in Kingdom and internationally. 

For more details, please Visit Saudi Aramco website:

http://www.saudiaramco.com/en/home.html

For more details, please refer to IKTVA website:

https://iktva.sa/