NEWS AND
ANNOUNCEMENTS

Naizak has been awarded a multi-million dollar contract by Saudi Aramco. More than 90 companies and institutions were invited to bid on the package, and 16 Saudi and international companies were chosen in the fields of engineering, supply and construction. Saudi companies make up 50 percent of the awarded contracts and they are high- caliber firms that have proven their ability to handle complex projects.

Contractors working on these projects are required to maximize the procurement of material and equipment from local suppliers and manufacturers to help achieve Saudi Aramco’s In- Kingdom Total Value Add Program (IKTVA) goals, which aim to increase the company’s locally- sourced goods and services to 70 percent by 2021.