In a major move for upstream development, Aramco invited proposals under a new contracting strategy focused on sustainability. By the end of the year, eight major international and local contractors were selected for long-term agreements. This included a consortium of , Daelim Saudi Arabia , Saipem (via Snamprogetti), Technip , and Hyundai Engineering . These contracts mandated a minimum commitment to use 39% local content initially, increasing to 60% within six years, showcasing IKTVA in action.
: Treat the pre-audit phase seriously. Perform an internal gap analysis against Aramco's specific engineering standards (SAES) before inviting their inspectors. The Road Ahead aramco approved 2021
Aramco filters applicants using strict operational, financial, and regulatory benchmarks. Your business must prove its long-term viability and technical capability. In a major move for upstream development, Aramco
International firms need valid commercial registrations, while local entities must provide standard Saudi government certifications. The 2021 Compliance Framework These contracts mandated a minimum commitment to use