Saudi Aramco Signs Agreements worth 27.5 Billion Dollars with suppliers at the annual IKTVA locator forum



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26/11/2018

DHARHAN, Saudi Arabia, March 30 / PRNewswire / – A draw draws 1,000 people
national and international suppliers and 4000 participants from 40
Country in order to build a world-clbad supply chain and a
contribute to a competitive local energy sector on a global scale
serves national growth

Company signed $ 27.5 billion in 31 commercial
cooperation

Saudi Aramco organized this week at the Dhahran Expo Center in Dammam
for the fourth time the IKTVA Forum & Exhibition event is off and
has attracted more than 1,000 local and international service providers and
Suppliers from the energy sector, manufacturers and small and medium-sized enterprises
The company will be available with Saudi Aramco
Investment opportunities upstream, chemistry,
Procurement, non-metal, computer and cybersecurity and other fields
to explore.

(Photo:
https: //mma.prnewswire.com/media/789332/Saudi_Aramco_IKTV …
)

The main annual event supports In Kingdom Total
Value Add Program (IKTVA), the location strategy of Saudi Arabia
Aramco builds a first-clbad supply chain and sets it up
Saudi Arabia as a competitive energy center
Vision 2030, the economic diversification program of the
United.

The forum, from November 26 to 27 under the auspices
S.K.H. Prince Saud bin Nayef bin Abdulaziz Al Saud, governor of
Eastern Province, held conferences, workshops and round tables
best practices in the area of ​​regulatory requirements,
Financing, research and development as well as talent promotion.

In addition to signing memoranda of understanding and commercial cooperation
A rewards program has been put in place to highlight the successes of
Program for the year to celebrate (the winning companies
are listed below).

Participation in the IKTVA's address to all Saudis
Suppliers Aramco mandatory because the program aims to
2021 to reach 70% local content, thousands of
Create jobs and 30% of local energy
and services. Supporting partnerships
Local Contents, helping to create jobs,
Technology transfer, training and development, and
Contribute to research and development. From here 2030, 30
Training centers are set up, 360 000 highly qualified
Prepare graduates for future jobs.

In return, local businesses can benefit,
than Saudi Aramco over $ 1.7 trillion over the next ten years
SAR for location problems.

"Our 2018 Ictva Forum was halfway to ours
Local content goals, and the event has the win-win nature
underlined our program, in which many of our
international suppliers increase their market share or their
Transfer production to the Kingdom, "said Amin H. Nbader,
President and CEO of Saudi Aramco. "During the two days
Event, we have $ 27.5 billion out of a total of 31
signed commercial cooperation. Companies that are here
have invested are well placed to continue to
benefit as we did last month in the future
Investment Initiative in Riyadh transactions of a value of 125 billion
SAR, many of which have a direct impact on
IKTVA will have. Up to now, 51% of each riyal from
Saudi Aramco for materials and services is local
exit ".

The IKTVA annual fair and forum is one of the largest in the world.
Event on the energy supply chain, the internal market
Increases value addition and long-term sustainable growth of the
maximizes the evolution of the economy of the kingdom.

More than 1,000 companies, approximately 4,000 companies, attended the event.
Participants from 40 countries and more than 80 exhibitors participated.

Memoranda of Understanding and commercial collaborations included:
Companies and institutions:

* Offshore Oil Engineering Co.Ltd.

* Sapura Manufacturing Sdn

* Lamprell Energy Consortium and Boskalis Westminster

* Consortium of Technip Italy and Malaysia Marine & Heavy
engineering

* National Company of Petroleum Construction

* Baker Hughes, a GE company

* Schlumberger

* Siemens

* Industrial Development Fund of Saudi Arabia

* PowerChina

* FIG

* Leading National Academy, Technical and Vocational Training Society,
Human Resources Development Fund and 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

* Drilling group on tray

* Noble

* Larsen & Toubro

* Gulf Heavy Industries

* International Society Al Khonaini

* Holding company Hadi Hammam Al Hammam

* Leanardo Helicoptor & Lamar Holding Company

* Airbus and Al-Qahtani Aviation

* Main National Academy (LNA) and National Academy of Power (NPA)

The winners of the IKTVA 2018 Excellence Awards:

* Best Overall ICT Performance, Schlumberger Middle East

* Best performance improvement Ictva year after year, Tecnicas
Reunidas

* Best Training and Development, Nbader S. Al-Hajri Corp.

* Best Small Business Development, Baker Hughes General Electric

* The best of the Saudi drilling company

* Best in Exports, Saudi company Amiantit.

About Saudi Aramco

Saudi Aramco is considered the world's first integrated energy company
Chemical companies. We leave our base
Convinced that energy must be understood as an opportunity. our
the world team is committed to doing everything we do
to have a positive influence – starting with the production of almost
every eighth of a barrel of petroleum products worldwide up to the
Development of new energy technologies. We focus on
to help our resources become more sustainable and beneficial and
thereby promote long-term economic growth and prosperity around
the globe. http://www.saudiaramco.com





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