Aramco has signed over 100 agreements and MoU’s, valued at around $7.2 billion at the 7thedition of the In-Kingdom Total Value Add (IKTVA) Forum and Exhibition.
The forum, which runs from January 30 to February 2 in Dhahran, is held under the theme of ‘Accelerating Future Success’.
At the event, the Saudi giant also announced the launch of Aramco Digital Company, a wholly owned subsidiary which aims to accelerate digital transformation within the Kingdom and the MENA region.
Ahmad A. Al-Sa’adi, Aramco’s executive vice president of Technical Services, said: “The launch of Aramco Digital Company is a great example of such innovation in action, providing state-of-the-art AI and emerging technology expertise in a vital sector of the economy.”
The iktva program encourages the establishment of regional headquarters in the Kingdom. Since inception, more than 150 investments have been made in Kingdom including products manufactured for the first time in Saudi Arabia. The company has also established 16 national training centers (NTCs) in 10 cities, covering more than 60 trades. To date, they have graduated more than 48,000 Saudi nationals.
