70% of Aramco's supply chain — Made in Saudi

Before

Aramco — the largest single buyer in the Saudi economy — historically sourced most of its specialized equipment, drilling components, and industrial services from abroad. Every dollar of procurement that left the country was a dollar that did not build a Saudi factory, train a Saudi engineer, or feed a Saudi supplier ecosystem.

Initiative

iktva (In-Kingdom Total Value Add) reframed Aramco's procurement as economic development policy. The program identified 200+ localization opportunities across 12 strategic sectors with a combined annual market of $28B, hosted biennial supplier forums to bring global manufacturers in, and ranked suppliers on Saudi value-add — not lowest cost.

Outcome

In February 2026, Aramco announced iktva had hit its 70% local content target, contributing more than $280 billion to Saudi GDP cumulatively, attracting $9B in inward investment, catalyzing 350+ investments from 35 countries, and creating 200,000+ direct and indirect jobs. 47 strategic products are now manufactured in Saudi Arabia for the first time. The new target: 75% by 2030.

For citizens

iktva is the reason a generation of Saudis can train as industrial engineers, manufacturing operators, supply-chain managers, and quality specialists — and find Saudi jobs that match. It is one of the cleanest examples of how a single anchor buyer can build an entire industrial economy around itself.