Aramco Europe has welcomed hundreds of companies to its annual Pan-European Supplier Summit, which this year was hosted in Amsterdam.
The event has rapidly grown to become an unrivalled opportunity for existing and potential suppliers to gain a bird’s eye view of Aramco’s expanding operational ecosystem while also learning about emerging opportunities in the Kingdom of Saudi Arabia.
Aramco Vice President of Procurement, Khalid Al Hajri, said: “As we work on global challenges, our supply chain must also deliver on economic growth, diversification, and societal well-being. With new projects and sourcing opportunities constantly emerging, there has never been a greater moment for collaboration to enrich our evolving value chain.”
The event was also attended by representatives from regulatory bodies and industrial investment entities, including the Ministry of Investment in Saudi Arabia as well as the Saudi Industrial Development Fund and King Salman Energy Park.
Delegates were briefed on Aramco’s In-Kingdom Total Value Add (iktva) program, which aims to drive domestic value creation and maximize long-term economic growth and diversification.
Under the iktva program, Aramco has identified more than 210 potential business opportunities across 12 sectors with an annual value spend of $28 billion. Through iktva, Aramco is developing hubs to pioneer new technologies and services that cover multiple sectors from non-metallics to 4IR industries, offshore technologies, static and rotating equipment and much more.
Over the course of the two-day event, delegates meet with Aramco Europe’s in-house experts, offering the opportunity to ‘deep dive’ into specific business areas and sourcing opportunities.
The event has rapidly grown to become an unrivalled opportunity for existing and potential suppliers to gain a bird’s eye view of Aramco’s expanding operational ecosystem while also learning about emerging opportunities in the Kingdom of Saudi Arabia.
Aramco Vice President of Procurement, Khalid Al Hajri, said: “As we work on global challenges, our supply chain must also deliver on economic growth, diversification, and societal well-being. With new projects and sourcing opportunities constantly emerging, there has never been a greater moment for collaboration to enrich our evolving value chain.”
The event was also attended by representatives from regulatory bodies and industrial investment entities, including the Ministry of Investment in Saudi Arabia as well as the Saudi Industrial Development Fund and King Salman Energy Park.
Delegates were briefed on Aramco’s In-Kingdom Total Value Add (iktva) program, which aims to drive domestic value creation and maximize long-term economic growth and diversification.
Under the iktva program, Aramco has identified more than 210 potential business opportunities across 12 sectors with an annual value spend of $28 billion. Through iktva, Aramco is developing hubs to pioneer new technologies and services that cover multiple sectors from non-metallics to 4IR industries, offshore technologies, static and rotating equipment and much more.
Over the course of the two-day event, delegates meet with Aramco Europe’s in-house experts, offering the opportunity to ‘deep dive’ into specific business areas and sourcing opportunities.
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