Saudi Aramco, the world’s largest integrated energy and chemicals company, has announced a major breakthrough in its In-Kingdom Total Value Add (iktva) programme by achieving a 70% local content benchmark in its supply chain, a milestone that underscores the Kingdom’s push to build domestic industrial capacity and diversify its economy. This achievement comes as a part of a long-term strategy tied to Saudi Vision 2030 and has already delivered substantial economic benefits, including significant job creation and foreign investment.
