Announcement
01 Dec 2015
On 01 December 2015, the largest state-owned oil company i.e. Saudi Aramco launched the In Kingdom Total Value Add (IKTVA) program with the primary scope to boost local content development in the Saudi jurisdiction.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
01 Dec 2015
Revocation date:
No revocation date
Announced: 01 Dec 2015
Local content incentive
In force
On 01 December 2015, the largest state-owned oil company Saudi Aramco, with the intention of promoting local content development, initiated the In Kingdom Total Value Add (IKTVA) program. Specifically...
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Related State Acts
Announced: 22 Nov 2022
Saudi Arabia: ARAMCO signs 51 new MOU's under the IKTVA Program
Announced: 13 Dec 2017
Saudi Arabia: Saudi Aramco signs a MoU with SNC-Lavalin
Announced: 03 Aug 2017
Saudi Arabia: Saudi Aramco signs a MoU with Kellogg Brown & Root Limited
Announced: 23 May 2017
Saudi Arabia: Saudi Aramco signs multiple Memorandum of Understanding agreements with American companies under the framework of its IKTVA program
Announced: 14 Dec 2016
Saudi Arabia: Saudi Aramco signs a Memorandum of Understanding with Nabors and Rowan under the framework of its IKTVA program
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