GOIC visit Aramco (2)

GOIC and Saudi Aramco discuss means to support industrial development and localize products and energy services
26 March 2017

​A delegation headed by Secretary General of the Gulf Organization for Industrial Consulting (GOIC) Mr. Abdulaziz Bin Hamad Al-Ageel visited Saudi Aramco in Dhahran, Saudi Arabia to hold a coordination meeting with Mr. Ahmad Al-Saadi, Senior Vice President of Technical Services, as well as managers from industrial development, strategic supply and project management at the company. 

The participants discussed means to further foster cooperation between Saudi Aramco and the GOIC to support Saudi industrial development. They also tackled issues of localization of industrial products and services, with an emphasis in the field of energy projects. 

The objective of the cooperation between GOIC and Saudi Aramco is to attract investors, encourage the private sector, and provide trained and qualified local talent capable of increasing Saudi’s local content capacity to meet the energy company’s In-Kingdom Total Value Add (iktva) target of 70% localization of total goods and services investment by 2021.

Mr. Al-Saadi stressed the importance of cooperation between Saudi Aramco, and national and regional organizations in support of industrial development to guarantee a conducive business environment.

“Saudi Aramco seeks to create several additional training centres to cover all industrial needs by 2030, which will be capable of promoting human resources development in the Kingdom and throughout the Gulf,” said Mr. Al-Saadi.

Mr. Al-Ageel, said that the Organization is highly interested in cooperating with Saudi Aramco in several fields, particularly under iktva, a program initiated by Saudi Aramco to stimulate the growth of industries and drive Saudi Vision 2030.

Mr. Al-Ageel added that the iktva program’s success in supporting service providers’ programs and plans to develop, train and increase the number of national cadres will strongly motivate many major industrial companies in the region to launch similar programs. 

He concluded that the Organization would seek to form a Gulf network to exchange expertise and programs between Gulf companies that are interested in increasing added value by further localizing industries and boosting local content.

Image Gallery

Related Tags
© Copyrights GOIC PO Box 5114, Doha, Qatar Tel: (+974) 44858888 working hours are 7:00am to 2:30pm 2014. All rights reserved.