In-Kingdom Total Value Add (IKTVA) Program registration

Foreign investors looking to secure contracts from state oil company Saudi Aramco must i) register a Saudi Arabia entity ii) secure a licence from the Saudi Arabian General Investment Authority and iii) register with Saudi Aramco’s In Kingdom Total Value Add (IKTVA) program.

What is the IKTVA Program?

  • Aims to increase the amount of goods and services produced in Saudi Arabia and create jobs for Saudi nationals;
  • IKTVA-registered companies must demonstrate that they i) procure locally-manufactured goods and services and ii) hire a ‘substantial’ number of local employees;
  • Based on the above, a company is given an ‘IKTVA Score’;
  • The higher a company scores, the higher the probability Saudi Aramco will select you as a contractor or service provider.

IKTVA Score

The IKTVA Score takes into account:

  • The amount of local content in goods and services;
  • Salaries paid to Saudi nationals;
  • Training and development of Saudis;
  • Supplier development spending;
  • Research & Development;
  • Company revenue (spend from Saudi Aramco only).

Steps to register for IKTVA Program

  • Complete an IKTVA survey to generate an IKTVA Score;
  • Prepare an Investment Plan (see below);
  • Submit the survey, together with required supporting documents, to an approved audit Firm for certification;
  • Online submit certified survey package to Saudi Aramco for review.

Investment Plan

Regardless of IKTVA Score, all companies must prepare a tailored five-year Investment Plan. The document includes:

  • company overview and investment type
  • planned investment size
  • products/services for localisation, including technical summary
  • raw material sourcing
  • target market
  • job creation and Saudization, including local manpower and training program
  • planned location
  • planned investment timeline and
  • export plan (if applicable).

Other considerations

  • Newly established companies always have a low IKTVA Score;
  • To improve IKTVA Score, we recommend foreign investors i) include at least one Saudi national in the company management team and/or ii) hire several Saudi nationals and invest in a development program for them.

How can Healy Consultants Group help?

 US$
Assist with the review of the IKTVA survey, and submission to Saudi Aramco-approved KSA auditor1,550
Assist with drafting five-year Investment Plan5,950
Assist with recruitment of Saudi nationals, including i) drafting employment contracts and ii) registering the employee for GOSI4,950 to 9,950
Assist with creating a development program for Saudi hires4,550
Assist with sourcing local i) suppliers for purchase of goods and ii) subcontractors for services2,950

Contact us

For additional services, and support with IKTVA registration, kindly email us for a quote.

Contact us

For additional information on our business registration services in Saudi Arabia, please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi
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