Part of Saudi Aramco’s “In Kingdom Total Value Add” program requires every supplier to participate in the kingdom’s localization strategy whereby Aramco is building its own “in-house” supply chain. Participation in the annual program is mandatory. Aramco’s goal is “70 percent local content by 2021,” the company said.

Organizations that have committed include:

  • Offshore Oil Engineering Co. Ltd.
  • Sapura Fabrication Sdn
  • Consortium of Lamprell Energy and Boskalis Westminster
  • Consortium of Technip Italy and Malaysia Marine & Heavy Engineering
  • National Petroleum Construction Company
  • Baker Hughes, a GE Company
  • Schlumberger
  • Siemens
  • Saudi Arabia Industrial Development Fund
  • PowerChina
  • ABB
  • Leading National Academy, Technical & Vocational Training Corp, Human Resource Development Fund, and the Ministry of Labor and Social Development
  • Gulf Chemicals & Industries Oils Company
  • Yokogawa
  • Schneider Electric Company
  • Honeywell
  • Emerson
  • Saudi Mechanical Industries
  • Weir Arabian Metal/Weir Group
  • TechnipFMC
  • Ensco
  • Shelf Drilling Group
  • Noble
  • Larsen & Toubro
  • Gulf Heavy Industries
  • Al-Khonaini International Company
  • Hadi Hammam Al Hammam Holding Company
  • Leanardo Helicoptors & Lamar Holding Company
  • Airbus & Al-Qahtani Aviation
  • Leading National Academy (LNA) & National Power Academy (NPA)

The agreements will be signed on the sidelines of Aramco’s In-Kingdom Total Value Add Program (IKTVA), which will take place on Monday and Tuesday, according to a report from Reuters.


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