Saudi-owned Aramco introduced its own localization program in line with its efforts to raise the level of local content in energy by 90 percent next year, Saudi Press Agency reported
Saudi Aramco vice president for procurement and supply chain management Mohammad Al Shammary said that the move will increase the contributions of small and medium companies to the Kingdom’s gross national product (GDP), enabling them to provide employment opportunities for locals in the field of energy.
“Once completed, the city will contribute the annual income of up to SR22 billion to GDP. It will also help the localization of more than 22 new facilities, in addition to providing tens of thousands of direct jobs,” Saudi Gazette quoted him as saying.
Al Shammary added that since Saudi is undergoing major transformations as part of its Vision 2030, all sectors must double their efforts to help bolster Saudization in the kingdom, as well as reap the benefits of the ambitious plan. According to him, Aramco is considering artificial intelligence, blockchain, and big data for supply chain management to increase efficiency and improve competency.
“The localization of these networks in various vital sectors is one of the most important ideas to achieve the Vision 2030,” he said.