As part of its drive to showcase the company’s relentless push toward Saudi Aramco’s In-Kingdom Total Value Add, IKTVA, TAQA has sponsored IKTVA Conference& Exhibition which concluded this week.
TAQA is keen to build a reliable world-class supply chain that drives innovation, value creation, and cost competitiveness supporting the Kingdom’s rapidly growing economic environment. TAQA Group has embarked on a very ambitious drive to create Saudi employment opportunities. To bring this to fruition, TAQA Group is investing in a robust training and development programs to expand the knowledge base and know-how of Saudi employees. This is in line with the localization initiatives of the National Transformation Program and Saudi Arabia’s Vision 2030 both of which call for promoting local content development, providing numerous job opportunities for a growing Saudi population and stimulating the diversification of the Saudi economy.
Since signing our IKTVA agreement with Saudi Aramco in 2017, TAQA has been hard at work developing a five-year plan for TAQA and each of its subsidiaries with an overall goal to make our business 60% IKTVA compliant by 2021. TAQA’s strategic thrust is to become a regional Oil Field Services and Equipment (OFSE) player servicing the MENA markets. TAQA’s objectives are to deliver integrated services within drilling, and production & completion that are safe, reliable and competitive, and manufacture and export key OFSE products from KSA. TAQA’s vision is aligned to the national agenda on developing new enterprises, establishing opportunities for growth and creating new economic value within the energy sector.