Logo of Saudi Aramco
Saudi Aramco signed over 100 agreements and memorandums of understanding (MoUs), valued at SAR 27 billion (around $7.2 billion) to help advance a diverse, sustainable and globally competitive industrial ecosystem at the seventh edition of the In-Kingdom Total Value Add (iktva) Forum and Exhibition.
In an emailed statement to Argaam, Aramco said the program achieved 63% local content in 2022, up from 35% in 2015, when iktva was originally launched.
Some of the major agreements are:
- Zoom: Strategic Partnership Agreement.
- Taulia Inc: Collaboration to implement supplier financing solutions.
- Accenture: System Integration and Digital Solution Services.
- Hassana Investment Co.: Establishment of a facility management national champion.
- Achilles: Development and localization of Environmental, Social, Governance (ESG) rating services.
- The Saudi Ministry of Investment: Development and promotion of investment opportunities and the Regional Headquarters Program.
- DHL: Intention to enter a definitive agreement to form a joint venture and offer procurement and supply chain services.
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