As a business strategy, localization can be right on the money, delivering reliability plus cost and time efficiencies to the bottom line. But the real power of local content development lies in its ability to add value beyond corporate borders, with a competitive boost to local and regional economies. Spurring a ripple effect of job creation, workforce development, technology transfer and local manufacturing, it can even be transformative.
The sun has long been considered the engine of life — the element that nourishes and gives energy. Some studies even show that the weather has a significant effect on our mood, our outlook, and our degree of happiness or sadness.
Saudi Aramco’s top girls soccer team earned a hard-fought championship at the annual Eastern Province Women’s Soccer Invitational Nov. 9 and 10, paving the way for the next tournament in Europe.
Thousands of visitors recently flocked to the King’s Park area for the 2018 Festival of Colors, the Saudi Aramco Employees Association’s annual fall festival.
Abqaiq The Friendly City Gazette is a free monthly publication published by the Southern Area/Central Region Community Services Department for Saudi Aramco employees and dependents in Abqaiq, Saudi Arabia.
Abdul Waheed joined the Arabian American Oil Company — which later became Saudi Aramco — on May 30, 1978. He retired last month after completing 40 years and five months of continuous service.
Ever since camels gradually fell into the service of people in the arid lands of Arabia, Africa and Asia about 4,000 years ago, they have evoked wonderment. Their domestication, late compared with other species, had a profound influence on the societies of these vast territories through the exchange of ideas and the interaction of languages as well as culture both intangible and material.
Saudi Aramco Downstream Strategy to Combine Organic Growth with Strategic Acquisitions, Saudi Aramco CEO Amin Nasser says at GPCA Forum 2018
Saudi Aramco President and CEO Amin H. Nasser today told delegates attending the 13th annual Gulf Petrochemicals and Chemicals Association (GPCA) Forum that a key Saudi Aramco objective is to bring its downstream business to the same prominence as its upstream, as the company undergoes substantial expansions in refining, marketing and lubes.
Saudi Aramco hosted its 4th IKTVA Forum & Exhibition this week at the Dhahran Expo Center in Dammam, attracting more than 1,000 local and international energy-sector service and equipment suppliers, manufacturers and small and medium enterprises to explore available investment opportunities with Saudi Aramco in the upstream, chemicals, utilities, non-metallic, IT and cybersecurity, and other areas.
Supply Chain Success Stories: Five IKTVA Partners Showcase Saudi Aramco’s Win-win Local Content Strategy
Saudi Aramco’s In-Kingdom Total Value Add (IKTVA) program is designed to locally source the company’s massive supply chain by incentivizing investment by international and local equipment and service providers, and small and medium enterprises (SMEs). More than 400 companies supplying 24 commodities are currently IKTVA partners, working with the energy and chemicals giant to drive domestic value creation for mutual benefit.
The inauguration of the Wa’ad Al Shammal mining and industrial project in northern Saudi Arabia today by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud marked a major milestone in Saudi Aramco’s long term strategy to increase gas supply in support of the Kingdom’s economic diversification program to generate growth in new sectors.
Al-Ayyam Al-Jamilah is a twice-yearly magazine distributed to retired employees and adult children of the Saudi Aramco Enterprise.
Under the patronage of HRH Prince Saud bin Nayef bin Abdulaziz Al Saud, governor of the Eastern Province, Saudi Aramco will hold its 4th annual forum for the In-Kingdom Total Value Add (IKTVA) program November 26-27 at the Dhahran Expo Center in Dammam.
Saudi Aramco today honored four local Saudi vendors for delivering quality goods during a ceremony held in conjunction with the 2018 Saudi Aramco Quality Forum, organized under the theme “Toward Quality Excellence.”
Saudi Aramco Highlights Position as Industry Leader at Abu Dhabi International Petroleum Exhibition & Conference
Saudi Aramco successfully concluded its participation in the 2018 Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) held November 12-15 in Abu Dhabi by reinforcing its leadership position in the regional and global energy industry.
I was taken to visit a grazing herd amid the sandy reaches between Riyadh and Hail, Saudi Arabia. I kept a bit of distance, and an inquisitive camel (a female, I was told) approached at an ambling, padding lope.
Melton (Mel) E. Knotts, associate general counsel and assistant secretary to the Saudi Aramco Board of Directors, recently bid farewell to the company after 30 years of service.
The Saudi Aramco KSA Expatriate Reunion will welcome 600 company retirees, brats, and their families back to the Kingdom in early 2019.
Saudi Aramco today hosted a visit by the Board of Directors of US-based National Oilwell Varco (NOV), a leading provider of technology, equipment, and services to the global oil and gas industry that supports customers’ full-field drilling, completion, and production needs.
Theme of first non-metallic symposium “Endless Possibilities by Chemical Integration”, serving as a platform for industry majors to exchange ideas on future nonmetallic business opportunities and showcase their development work.