Aramco’s local content up to 67% of total purchases: CEO

Amin Nasser, CEO of Saudi Aramco

Saudi Aramco’s local content reached 67% of its total purchases compared to about 35% in 2015, when the In-Kingdom Total Value Add (iktva) program was launched, President and CEO Amin Nasser said.

 

Speaking at the iktva Forum today, Jan. 13, Nasser stated that the iktva program has made a significant contribution to Saudi Arabia's gross domestic product, reaching an estimated value of SAR 900 billion ($240 billion) since its launch.

 

The iktiva program brings continuity to Saudi Aramco, as large local supply chains provide the ability to navigate operational challenges.

 

He noted that this was evidenced by the company's rapid recovery from the attacks on its Abqaiq and Khurais facilities and the challenges posed by the COVID-19 pandemic.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request