Saudi Aramco hits 70% localization benchmark as “iktva” generates 200,000 jobs

Saudi Aramco hits 70% local content milestone — and sets a new 2030 target

Saudi Aramco said its iktva program reached 70% local content in procurement, with a new target of 75% by 2030. The company reported iktva has contributed over $280 billion to Saudi GDP and drawn $9 billion in investment. Aramco credited the program with more than 200,000 jobs and over 350 investments from 35 countries. The post Saudi Aramco hits 70% local content milestone — and sets a new 2030 target appeared first on TechStock².

Saudi Aramco hits 70% localization benchmark as “iktva” generates 200,000 jobs

The “iktva” program has drawn more than 350 investments from 35 countries to establish new manufacturing facilities within Saudi Arabia