Saudi Press

Saudi Arabia and the world
Monday, Jun 02, 2025

Aramco’s iktva forum and exhibition kicks off in Saudi Arabia

Aramco’s iktva forum and exhibition kicks off in Saudi Arabia

Dhahran Expo Center will host Saudi Aramco’s seventh edition of the annual ‘In Kingdom Total Value Add,’ or ‘iktva’ forum and exhibition on Jan. 30.
The four-day event will enable participants to visit designated exhibition pavilions for enablers, digital, sustainability, industrial and manufacturing, as well as investment workshops and various panel discussions. It will conclude on Feb. 2.

The 2023 theme will be: “Accelerating Future Success,” which aims to strengthen their readiness and resilience for tackling the upcoming calendar year by forging their collective localization efforts in different focus areas, such as sustainability, digital, industrial, manufacturing, and others.

As a major contributor to the commercial and industrial sectors of the Kingdom, the local supplier ecosystem remains a top priority in Saudi Aramco’s long-term planning.

With adding over SR488 million ($130 billion) to Saudi Arabia’s gross domestic product since its launch, iktva continues to accelerate economic growth, enhancing the value of their supply chain. Through collaboration at the forum and beyond, iktva invites entities to come together and play an important role in providing the vital energy the world needs.

This annual gathering is designed to help the community further innovate, collaborate, and network.

Under the patronage of Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, the all-day events will include an array of 30 workshops; including sessions on cloud computing, blockchain, holographic technologies, enterprise cyber security, artificial intelligence and SPARK, a world class energy hub, investment opportunities in the electrical and in the industrial sectors, among other talks.

There will be a session led by the Aramco localization team, who will share opportunities related to connectivity, communication and computing. It’ll also provide ample chances for engagement with businesses committed to boosting local content within the Saudi energy economy.

According to the official statement, the program aims to drive additional domestic value creation to support a rapidly changing economic environment and foster future prosperity. "Working with our suppliers, we will capture value that produces long-term tangible benefits such as quality jobs for a growing Saudi population, innovation and diversification of industry, and increased global competitiveness,” it added.

On the occasion, Aramco’s president and CEO Amin H. Nasser said: “With a foundation of localization and resilience as our blueprint, we are building an ecosystem of critical importance. One that will help further diversify the Kingdom’s economy and ensure we meet our responsibility to the world, and the billions who depend on us for energy. For all these reasons, we must build it with care, with the belief that generations from now, what we are building will still be standing strong.”

Since the launch of the iktva program in 2015, iktva’s program was designed to drive supply-chain efficiency and value across Aramco’s operations and has created best-in-class infrastructure, streamlined business processes, and pioneered industry initiatives that ensure sustainability and enabling new opportunities. It has also encouraged the development of a diverse, sustainable and globally-competitive energy sector within the Kingdom.

In 2022, iktva’s action plan and support supervisor, Majid Al-Mohammed said at a local content forum in Riyadh that the “iktva program has been gradual in several stages; starting with supportive merchants and suppliers of goods, then supporting service providers and moving to support manufacturers in the Kingdom.”
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
European and Arab Ministers Convene in Madrid to Address Gaza Conflict
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
UAE Offers Free ChatGPT Plus Subscriptions to Citizens
Lebanon Initiates Plan to Disarm Palestinian Factions
Iran and U.S. Make Limited Progress in Nuclear Talks
The Daily Debate: The Fall of the Dollar — Strategic Reset or Economic Self-Destruction?
Trump Administration's Tariff Policies and Dollar Strategy Spark Global Economic Debate
OpenAI Acquires Jony Ive’s Startup for $6.5 Billion to Build a Revolutionary “Third Core Device”
Turkey Weighs Citizens in Public as Erdoğan Launches National Slimming Campaign
Saudi-Spanish Business Forum Commences in Riyadh
Saudi Arabia and Spain Sign MoU to Boost SME Sectors
UK Suspends Trade Talks with Israel Amid Gaza Offensive
Iran and U.S. Set for Fifth Round of Nuclear Talks Amid Rising Tensions
Russia Expands Military Presence Near Finland Amid Rising Tensions
Indian Scholar Arrested in Crackdown Over Pakistan Conflict Commentary
Israel Eases Gaza Blockade Amid Internal Dispute Over Military Strategy
President Biden’s announcement of advanced prostate cancer sparked public sympathy—but behind closed doors, Democrats are in panic
A Chinese company made solar tiles that look way nicer than regular panels!
Indian jet shootdown: the all-robot legion behind China’s PL-15E missiles
The Chinese Dragon: The True Winner in the India-Pakistan Clash
Australia's Venomous Creatures Contribute to Life-Saving Antivenom Programme
The Spanish Were Right: Long Working Hours Harm Brain Function
Did Former FBI Director Call for Violence Against Trump? Instagram Post Sparks Uproar
US and UAE Partner to Develop Massive AI Data Center Complex
Apple's $95 Million Siri Settlement: Eligible Users Have Until July 2 to File Claims
US and UAE Reach Preliminary Agreement on Nvidia AI Chip Imports
President Trump and Elon Musk Welcomed by Emir of Qatar Sheikh Tamim with Cybertruck Convoy
Strong Warning Issued: Do Not Use General Chatbots for Medical, Legal, or Educational Guidance
Saudi Arabia Emerges as Global Tech Magnet with U.S. Backing and Trump’s Visit
This was President's departure from Saudi Arabia. The Crown Prince personally escorted him back to the airport.
NVIDIA and Saudi Arabia Launch Strategic Partnership to Establish AI Centers
Trump Meets Syrian President Ahmad al-Shara in Historic Encounter
Trump takes a blow torch to the neocons and interventionists while speaking to the Saudis
US and Saudi Arabia Sign Landmark Agreements Across Multiple Sectors
Why Saudi Arabia Rolled Out a Purple Carpet for Donald Trump Instead of Red
Elon Musk Joins Trump Meeting in Saudi Arabia
Trump says it would be 'stupid' not to accept gift of Qatari plane
Quantum Computing Threatens Bitcoin Security
×