VIDEO: Our iktva initiative a win-win for all involved
Aramco’s localization program boosts in-Kingdom talent and economy while providing our partners business opportunities.
How does our In-Kingdom Total Value Add (iktva) program strengthen industrial supply chains?
AMIN NASSER, ARAMCO PRESIDENT AND CEO
By any measure and in any ambition, Aramco is only as strong as our supply chain.
We need iktva partners who share our sense of responsibility and are equally ambitions about the future.
ABDELRAHMAN ALMOGRAN, HEAD OF IKTVA BUSINESS DEVELOPMENT AND STRATEGIC SOURCING DIVISION
The iktva program is a continuation of Saudi Aramco’s long-lasting effort to support localization.
Since the launch of the program, iktva has contributed more than $100 billion to our local economy.
It has attracted more than 540 investments from more than 35 countries, reducing our reliance on imports.
JERRY BATEMAN, SENIOR PLANT MANAGER, HALIBURTON
From an iktva standpoint, we’ve been able to, with our facility, make an investment in the Kingdom and make an investment in the talent in-Kingdom with our 70% Saudization rate.
SAAD AL ARFAJ, MANAGING DIRECTOR TECO MIDDLE EAST
Iktva is marketing for our products. The participation and execution become more because of iktva initiatives and objectives.
HAMED BADER, GENERAL MANAGER IKK MATEENBAR
The iktva initiatives have supported the purchasing of locally sourced content, which is helping local manufacturers in increasing demand for their respective technologies.
That enables us to really bring the maximum value to Saudi Arabia with our investment by using the local talent and local materials to produce products made in Saudi Arabia that we’ll use in Saudi Arabia but also that we’ll export outside the Kingdom.
Localization has allowed us at IKK Mateenbar to become closer to our clients in Saudi Arabia and in the GCC. This has reflected positively toward the well-being of all individuals working for the company — improved morale, increased our efficiency, and made us more successful.
SAAD AL ARFAJ
I’m very proud to have manufactured motors in Saudi Arabia by Saudi resources.
Iktva has truly proven the true value of the Made in Saudi supply chain.