An integral part of our Middle East operations is our presence in Saudi Arabia, where we have been active since 2009. Current projects include:
In support of the country’s In-Kingdom Total Value Add (IKTVA) programme, which targets 70% localisation by 2021, we remain focused on successfully delivering these projects at the same time as increasing our local content through our Saudisation programme.
For example, Petrofac has committed to an overall purchase value of around US$500 million directly in the Saudi market, placing orders with more than 650 Saudi suppliers for goods and services.
We also consider Saudi Arabia as a strong supplier for our international projects and have placed around 200 purchase orders in the country for projects we are building outside the Kingdom.
Petrofac has initiated a specifically tailored training platform, Saudi Future Generation Programme, for Saudi employees. The programme has provided engineering, construction, supervisory, and safety skills training to over 220 Saudi employees based in our operational centre as well as ongoing work sites at Jazan, Rabigh and Fadhili.
85% of our in-country value investment has been spent through local goods and service providers
We invested in a training centre in Algeria which has trained more than 800 local people