Iktva Reaches 70%
Aramco achieves 70% local content target through flagship iktva program
Global Today
Operational Excellence
Since inception, iktva has added $280 billion to Saudi Arabia’s GDP, attracted $9 billion of inward investment, and contributed to the creation of more than 200,000 jobs Kingdomwide.
Aramco today announced that iktva (In-Kingdom Total Value Add), its supply chain transformation program, has achieved its target of 70% local content. Building on this pioneering achievement and milestone, Aramco also announced its intention to further increase the local content in its procurement of goods and services to 75% by 2030.
Since its inception, the iktva program has contributed more than $280 billion to the Kingdom’s GDP, reinforcing its role as a key driver of industrial development, economic diversification, and long-term fiscal resilience. By localizing goods and services, iktva has strengthened the resilience and reliability of Aramco’s supply chain, reduced supply-chain vulnerability, enhanced operational continuity, and provided a shield against global cost inflation — capabilities that have proven critical during periods of disruption.
Over the past decade, iktva has emerged as one of the leading real-world examples of supply chain-led economic transformation. The program has converted Aramco’s project spending into domestic economic multipliers, supporting job creation, improving productivity, stimulating exports, and reinforcing supply chain resilience.
As part of this growth, iktva has identified more than 200 localization opportunities across 12 key sectors, representing an annual market size of $28 billion. These opportunities have translated into tangible investment outcomes, catalyzing more than 350 investments from 35 countries in new manufacturing facilities across the Kingdom, backed by $9 billion in capital. These investments have enabled 47 strategic products to be manufactured in Saudi Arabia for the first time.
In parallel, iktva has supported the creation of more than 200,000 direct and indirect jobs across the Kingdom, further strengthening the national industrial base and local capabilities. To sustain this momentum, iktva organized eight regional supplier forums worldwide in 2025, complementing its flagship biennial forum. The events helped to connect global investors, manufacturers, and suppliers with localization opportunities in Saudi Arabia.
