Kemet Corporation’s Post

As the sun sets on another day of Ramadan, let's appreciate Saudi Arabia's commitment to digital transformation, evident in initiatives like the Vision 2030 plan, shaping the future of the Kingdom's tech landscape. #RamadanDigitalTransformation #saudiVision2030

"Empowering Saudi Arabia: A Roadmap for Local Content and Economic Growth" In Saudi Arabia, the promotion of local content involves ambitious targets set by the government to increase the presence of Saudi nationals and businesses across industries. In the oil and gas sector, for instance, the In-Kingdom Total Value Add (IKTVA) program was launched by Saudi Aramco in 2015. It aimed to reach a target of 70% local content by 2021. This initiative was designed to encourage local production and job creation within the Kingdom. Through IKTVA, Saudi Aramco incentivized its suppliers to increase local content in their operations. Companies were required to meet specific local content percentages to qualify for contracts, fostering the development of local industries and talent. By 2021, Saudi Aramco reported that the IKTVA program had made significant strides, achieving an average of 58% local content across its supply chain. Moreover, Vision 2030, Saudi Arabia's comprehensive blueprint for economic diversification, emphasizes increasing the private sector's contribution to the GDP from 40% to 65%. This includes a focus on sectors beyond oil and gas, such as manufacturing, tourism, and technology, further boosting opportunities for local businesses and talent. Overall, these initiatives underscore the concerted efforts of the Saudi government to reduce dependency on oil revenues, stimulate economic growth, and create sustainable employment opportunities for its citizens. #SaudiLocalContent #IKTVA #SaudiEconomicDiversification #Vision2030 #SaudiAramco #LocalBusinessGrowth #SustainableEmployment #SaudiArabiaDevelopment #NationalizationEfforts

"⭐ Want to be a top supplier for Aramco or Government projects? Ensure a high Iktva & Local Content Score! #THAMER, our platform, will guide you to boost your local content Score and get noticed by key buyers in Saudi Arabia. 📈✅ #LocalContent #Iktva #SupplierVisibility"#aramco #LocalContentandGovernmentProcurementAuthority #SaudiVision2030 #MiskLandscapeProgram #StartupJourney"

((Exciting News in the World of Innovation )) Thrilled to share the groundbreaking initiative by #ALAT, shaping a new Saudi Arabia as it endeavors to establish a global technology manufacturing hub. Powered by clean energy, this visionary project aims to transform industries across seven key sectors. (Key Highlights): * Global Hub: ALAT is set to create a cutting-edge technology manufacturing hub, positioning Saudi Arabia on the global map of innovation and progress. * Clean Energy Revolution: The hub's commitment to clean energy underscores ALAT's dedication to sustainability, paving the way for a greener and more environmentally conscious future. * Transformative Impact: With a focus on seven business sectors, ALAT aims to revolutionize industries, fostering innovation, and driving economic growth on a global scale. ( Why This Matters): This ambitious venture by #ALAT holds the promise of unlocking unprecedented technological advancements, creating job opportunities, and positioning Saudi Arabia as a hub for global technological excellence. #SaudiArabia #TechnologyHub #Innovation #CleanEnergy #GlobalImpact #ALATInitiative

🇸🇦 Suliman Almazroua, CEO of the National Industrial Development and Logistics Program (NIDLP), delivered key insights at The Business Year's 10th-anniversary in Saudi Arabia event, "A Decade of Progress, A Future of Possibilities," held recently in Riyadh.   NIDLP plays a pivotal role in spearheading Saudi Arabia's industrial transformation, leading efforts to position the Kingdom as a global powerhouse and logistics hub. During his address, Almazroua reaffirmed its mission, emphasizing, “We are targeting 50% of the energy mix to come from renewable energy. We seek to contribute to the resilience of the international supply chain by connecting the three continents and providing the raw materials required for them. We are trying to build the largest industrial city that is zero carbon and zero waste. We are trying to build the largest hydrogen plant in the world in our backyard in #NEOM. However, that is not all. Saudi Arabia is working to provide the latest and greatest manufacturing power to provide new development and health for humanity.”   Get your copy of our latest research and 10th anniversary edition, The Business Year: Saudi Arabia 2024, right here: https://lnkd.in/dqicbpmm And stay tuned for comprehensive coverage of the Kingdom's economic trajectory through 2024! W/ Alena Hakansson, Clara Corominas Rührup, Edoardo Caccin, Aqeel Hafeez, Giorgia Perrone

ASNT Oman division launched with support from leading industry partners

HRH Crown Prince launches ‘Alat' to contribute in making Saudi Arabia a global hub for electronics and advanced industries - The company will support sustainable manufacturing using abundant clean energy - Alat will contribute to advancing innovation and manufacturing in Saudi Arabia and support research and development efforts and localization of knowledge by developing local talent and enabling the private sector. His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister and Chairman of the Board of Directors of the Public Investment Fund (PIF), announced today the launch of “Alat”: a PIF company, to create a national champion that will contribute to the aim of making Saudi Arabia a global hub for sustainable technology manufacturing that focuses on advanced technologies and electronics. Alat will focus on manufacturing products that serve local and international markets within seven key strategic business units: advanced industries and semiconductors, as well as smart appliances, smart health, smart devices and smart buildings, in addition to next generation infrastructure....... https://bit.ly/3Sp8v8b #ALAT | Public Investment Fund (PIF) #SWF_SaudiArabia #SaudiArabia #Business #Electronics #Manufacturing #CleanEnergy

LogXperts appreciates aramco forward-thinking initiative in establishing the Saudi Accelerated Innovation Lab (SAIL) announced on Day One of LEAP24. This visionary move not only paves the way for an innovative digital future for the Kingdom but also opens exciting possibilities for Saudi Arabian IT companies, including LogXperts, and global IT entities. Collaborative efforts like these are instrumental in propelling the entire IT ecosystem forward. We appreciate aramco commitment to fostering innovation and look forward to the transformative impact that SAIL will have on the industry. #innovationhub #digitalfuture #leap24 #techcollaboration #aramcoinnovation #SAILInitiative #sauditechinnovation #digitaltransformation #itcollaboration #techinnovation #LEAP24highlights #globaltechleadership #futureoftech #ITindustryimpact #sustainabletech #digitalfuturesaudiarabia #innovationecosystem #LEAP24announcement #techprogress

Saudi Arabia is set to undergo a major transformation. With the launch of PIF-owned company, Alat, the country is expected to diversify its economy away from oil and towards more advanced technologies and electronics. Focusing on smart devices, smart buildings, smart health, advanced industrials and next-gen infrastructure, Alat hopes to transform the industrial sector globally with sustainable solutions based on clean energy sources. Find out more about the initiative in our comments ⬇ #saudiarabia #digitaltransformation #technology #smartcity #innovation