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Nader Al-Arfaj, MD of Aramco Singapore Panel Members Mr Abdullah B. Mr Nader Al-Arfaj,
Al-Harbi, Executive Managing Director
Nader Al-Arfaj, MD of Aramco Singapore which is affiliated with HE Saad Saleh I. Director of Strategic Aramco Asia Singapore
Saudi Aramco, briefly provided a profile of Saudi Aramco and the Alsaleh, Amb of Saudi Partnerships in the
business opportunities offered by one of the world’s leading integrat- General Investment
ed energy and chemicals company. In 2018, Saudi Aramco produced Arabia Authority (SAGIA)
13.6 million barrels per day (bpd) of oil equivalent which includes
10.3 million bpd of crude oil and a gross refining capacity of 4.9 mil- Mr Omar Shahzad, Mr Saleh Alkhudhair Panel Moderator
lion bpd. Saudi Aramco has a long established presence in the Asia Group Chief Executive Sector’s Initiative Mr Syed
Pacific area and is a key player in the oil and chemical market.Mr Ar- Development Mohamad
faj also introduced Aramco’s In KingdomTotalValue Add (IKTVA) Officer Meinhardt
Program.It’s an integral part of Saudi Aramco’s procurement process, Group Supervisor, Small & H B A Alsagoff
and companies wishing to tender their products and/or services to Medium Enterprises Middle East
Saudi Aramco will need to comply with IKTVA requirements. Mr General Authority Specialist and
Arfaj said it embodies Saudi Arabia’s vision to enable a globally com- Partner
petitive Saudian industrial base and this is in support and alignment
with Saudi Vision 2030 and that, “It is designed and positioned to Yamako Pacific and
change how Saudi Aramco engages with suppliers so we can work IConsilium Pte Ltd
in a new way for success. The target by 2021 is to achieve 70% local
content in Saudi Arabia,create thousands of jobs and increase exports
by 30%.”There is an IKTVA formula for Aramco to assess compa-
nies based on their spend and key activities, e.g. for localised goods
and services, salaries paid to Saudi and locals, training and develop-
ment of Saudis and locals, spend on development on local suppliers.”

WOF 2019 NOTE The inaugural edition of the World Opportunities Forum saw 18 coun-
tries represented by their ambassadors, present the latest on business opportunities, poli-
cies, and next steps for investments. They presented information sessions on one platform
to CEOs, SMEs, entrepreneurs and investors. This reflects the event’s objective of using Sin-
gapore as a hub to ‘create, connect and cross invest’. The WOF is organised by Sun Media
Pte Ltd and supported by Enterprise Singapore, the Singapore Manufacturing Federation
and the Singapore Business Federation. For more info visit:
www.sunmediaonline.com

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