IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 03 Aug 2017 | Removal date: open ended
Still in force

Localisation incentive

On 3 August 2017, Saudi Aramco as part of its  In Kingdom Total Value Add (IKTVA) program signed a Memorandum of Understanding with Kellogg Brown and Root Limited (KBR).

IKTVA is a program established in 2015 and its primary scope is to achieve 70% localisation of Saudi Aramco's supply chain by 2021 (see related measure).

Consequently, under the umbrella of this MoU, KBR has committed to engage in an action plan with a duration of five years whose core scope it is to further develop and expand KBR's physical and human capital in Saudi Arabia.

This will subsequently position KBR as a corporation capable of enhancing the extent to which Saudi Aramco's supply chain relies on locally sourced goods and services.

Saudi Aramco -- Saudi Aramco is the largest state-owned oil company of Saudi Arabia.

Kellogg Brown and Root Limited (KBR) -- KBR is a US-based corporation which is engaged in providing government services, technology and consulting services as well as engineering and construction services. KBR primarily cooperates with players operating in the energy industry.

 

 

 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

542 General construction services of civil engineering works
811 Research & development in natural sciences & engineering
814 Research & development originals
831 Management consulting & management services; ITC services
833 Engineering services
834 Scientific & other technical services

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