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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Aramco Signs 59 New Agreements under the Iktva Program

Aramco Saudi Aramco Saudi Arabia Supply chain
The logo of Saudi Aramco is seen at Aramco headquarters in Dhahran, Saudi Arabia May 23, 2018. (Reuters)

Saudi Aramco signed on Tuesday 59 corporate procurement agreements (CPAs) with 51 local and global manufacturers, with potential to create 5,000 new jobs in Saudi Arabia over the next decade.  

The agreements, valued at $11 billion, are expected to reinforce Aramco’s robust supply chain and result in the development of materials manufacturing facilities in the Kingdom.  

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