Manufacturing a first for IKTVA program

manufacturing-a-first-for-iktva-program
Management members tour the GEMTEC facility in Dammam

Six high-efficiency gas compression trains for the first phase of Saudi Aramco’s Master Gas System Expansion Project have been assembled locally in Dammam, Saudi Arabia, for the first time, marking a significant boost to efforts in promoting localization and developing local content.

The local manufacturing of the compression trains by GE Oil and Gas is in line with the vision of Saudi Aramco’s In-Kingdom Total Value Add Program (IKTVA), a program designed to drive domestic value creation and maximize long-term economic growth and diversification to support a rapidly changing Saudi economy.

By 2021, Saudi Aramco is striving to achieve a 70% localization of spending, creating a business environment that will provide 500,000 new jobs and enable 30% export of Saudi energy sector products.

A program designed to drive domestic value creation and maximize long-term economic growth and diversification to support a rapidly changing Saudi economy.

IKTVA

Six high-efficiency gas compression trains for the first phase of Saudi Aramco’s Master Gas System Expansion Project have been assembled locally in Dammam, Saudi Arabia, for the first time, marking a significant boost to efforts in promoting localization and developing local content.

The local manufacturing of the compression trains by GE Oil and Gas is in line with the vision of Saudi Aramco’s In-Kingdom Total Value Add Program (IKTVA), a program designed to drive domestic value creation and maximize long-term economic growth and diversification to support a rapidly changing Saudi economy.

By 2021, Saudi Aramco is striving to achieve a 70% localization of spending, creating a business environment that will provide 500,000 new jobs and enable 30% export of Saudi energy sector products.