IKTVA 2020

IKTVA stands for “In-Kingdom Total Value Add” (iktva) program. It was launched by Saudi Aramco to baseline, measure and drive increased levels of localization in its supply chain. The Iktva program is designed to drive supply-chain efficiency, value add across operations and create a diverse, globally sustainable competitive energy sector within the Kingdom of Saudi Arabia to support the long-term vitality of its commercial ecosystem.
The Iktva Program was launched in 2015 as a structured approach to localization. It has become one of the Kingdom’s most important and strategic programs that is focused on the development of the energy sector and the creation of a world-class supply chain.
Iktva aims to:
Reach 70% local content
Increase exports of Saudi-made energy goods and services
Create thousands of technical and professional jobs and careers
The program offers value creation opportunities for firms while also improving the supply chain. Suppliers benefit from the increasing opportunities, expansions, access to a highly skilled Saudi workforce, and exposure to industry-leading innovation, and capturing markets throughout other parts of the world.