Industry, Logistics & Shipping

Value localisation ‘key to sustained socio-economic development’

Alturki Holding, a leading Saudi family-owned investment and development holding company, believes that value localisation is one of the keys to sustained socio-economic development.
 
“We are proud to be increasing the IKTVA (In-Kingdom Total Value Add Program) scores across our portfolio of businesses, to create value in every aspect of our business, maximising long-term sustainable growth,” said Rami Alturki, President & CEO Alturki Holding, which is participating in the next IKTVA Forum and Exhibition at the Dhahran Exhibition Centre from January 24 to 26, 2022 as a Diamond Sponsor. 
 
Alturki Holding is investing further towards localising technology and knowledge, to build competitiveness, drive innovation, and create opportunities in the Saudi manufacturing sector. 
 
Along with acquiring technological capabilities, and driving digital transformation, the company is placing special focus on investing in human capital development in order to achieve its ambitious objectives. 
 
Alturki has committed to the content localisation initiative by Saudi Aramco, designed to drive increased investment, job creation, research and development, and local supply chain development within the kingdom. As a Diamond Sponsor, Alturki Holding demonstrates the highest level of commitment to IKTVA’s goals, and alignment with the kingdom’s value localisation initiative under the ambitious Saudi Vision 2030.
 
“As a premier investor and partner of choice for building sustainable businesses in Saudi Arabia, it is our responsibility to support value localisation initiatives like IKTVA which is producing long-term tangible benefits such as quality jobs for a growing Saudi population, innovation, and diversification of industry, and increased global competitiveness,” said Alturki.
 
IKTVA is designed to encourage and reward local content use and drive domestic value creation by working with suppliers to achieve mutual benefits. 
 
It prioritises consistency and transparency to create a level playing field for local and international suppliers of Saudi Aramco.-- TradeArabia News Service