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: 13 Dec 2017 | Removal date: open ended
Still in force

Localisation incentive

On 13 December 2017, Saudi Aramco as part of its  In Kingdom Total Value Addes (IKTVA) program signed a Memorandum of Understanding with the Canadian-based entity SNC Lavalin.  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).

SNC-Lavalin is a global fully integrated professional services and project management company providing solutions in the area of capital investment, consulting, design, engineering, construction, operations and maintenance. Under the umbrella of this MoU, SNC Lavalin has committed to an action plan to support the overall IKTVA framework and the localisation target deliverables which are embedded in it. Therefore, leading towards SNC Lavalin via its operations in Saudi Arabia further contributing to developing local talent and creating opportunities for the local supply chain of Saudi Aramco. 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

532 Civil engineering works
542 General construction services of civil engineering works
711 Financial, insurance & pension services, excl. investment banking
831 Management consulting & management services; ITC services
862 Support services to mining
863 Support services to electricity, gas & water distribution

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