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Story summary
- Saudi Aramco has reached a 70% local content milestone in its supply chain through the iktva program, launched in 2015.
- The iktva program has attracted $9 billion in foreign investments and enabled local production of 47 strategic products.
- It has contributed over $280 billion to Saudi Arabia's GDP and created more than 200,000 jobs.
- Analysts remain positive about Aramco's market position and growth strategy.
