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Source:
الوطن
Aramco boosts local content to 70%
Clarification Regarding the Content of the Article: The article reviews how Saudi Aramco has achieved a significant increase in the local content percentage in its procurement of goods and services, rising from 35% in 2015 to 70% in 2025, with a target of reaching 75% by 2030. It also highlights that this growth has contributed over $280 billion to the Saudi GDP and supported more than 200,000 jobs. Additionally, it resulted in the establishment of more than 350 new manufacturing facilities and the production of 47 strategic products for the first time in the Kingdom. This expansion reflects a shift of a portion of spending from imports to local production and encompasses various localization opportunities, along with increased investment in research and development to achieve higher added value. The company aims to raise this percentage to 75% by 2030, working to enhance competitive capabilities and develop value-added products.
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