Iktva Achievements
VIDEO: How are we driving growth in the Kingdom?
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Global May 14, 2025
Operational Excellence
Discover how iktva is shaping Saudi Arabia’s future with local procurement, job creation, and groundbreaking developments.
Iktva has evolved.
Since launching, there’s been over three times spent on local procurement, increased income for Saudis, and growth in development spend.
Research spend has exponentially grown, as has training for Saudis.
Long-term agreements have been signed involving localization across 12 sectors in a market worth $28 billion, hundreds of new facilities, with a total CAPEX of over $9 billion, have resulted in 47 first made in Kingdom products, 16 training centers, covering over 100 trades have produced over 30,000 well-paid graduates, and overall, nearly 200,000 jobs.
And with us becoming stronger, there’s a $240 billion contribution to GDP.
Everything is falling into place.
