Aramco sustainability report 2024
Growing societal value
We seek to grow value wherever we operate. With our headquarters in Saudi Arabia, we have invested in the Kingdom’s oil and gas ecosystem to enhance the reliability of our supply chain, providing employment and economic opportunities to thousands of Saudi nationals.
2024 performance
- Social investments rose by over 20% during the year compared to 2023 ($583 million)1.
- Total procurement spending is estimated to have contributed $240.0 billion in GDP since iktva’s inception in 2015, when considering the direct and indirect supply chain contribution to the Kingdom’s economy.
- Continued commitment to building the capacity of local Saudi citizens with a 1.99% increase, totaling 15,400 in 2024, of the number of people in our sponsored community programs, and achieving 90.2% Saudization in our workforce.
- Providing growth acceleration services via the Taleed program to support the sustainability and scale-up of small and medium-sized enterprises (SMEs), including building partnerships and networks, business development, and attracting investments.
- The National Training Centers, established with partners, have trained more than 71,000 Saudis since 2008, boosting workforce readiness across key sectors and supporting Vision 2030 with a 93% utilization rate.
Social investment1 ($ million)
(2023: 475)
583
iktva procurement spend in-Kingdom (%)
(2023: 65.0)
67.0
Cumulative iktva GDP contribution ($ billion)
(2023: 202.9)
240.0
Saudization of Aramco’s workforce (%)
(2023: 90.3)
90.2
Payments to the Saudi and foreign governments ($ billion)
(2023: 206)
204
Dividends2($ billion)
(2023: 127)
127
2. Dividends paid include dividends to shareholders and non-controlling interests in subsidiaries.
Empowering Saudi talent through specialized academies
Aramco, in collaboration with Technical and Vocational Training Cooperation (TVTC), Human Resources Development Fund (HRDF), and business partners, has established 16 National Training Centers (NTCs) across 10 cities in the Kingdom. These centers, as part of a strategic initiative launched in 2008, address workforce readiness by offering diploma, upskilling, and certification programs tailored to meet market demand. Over 33,000 Saudis have graduated from core diploma programs, with an additional 40,000 participants in short, upskilling, and certification programs in 100+ disciplines.
The NTCs provide a wide range of training products covering more than 100 different trades and skills including short programs, aimed at bridging the skills gaps in critical industries such as energy, technology, construction, tourism, marine, aviation, and finance.
To date, more than 71,000 Saudis have benefited from these programs, reflecting a high level of demand for skills labor across the Kingdom’s industrial and service sector. This initiative plays a role in supporting Vision 2030 by fostering career progression, promoting employment-led training, and transforming business environment.
In 2024, the NTCs achieved a record-high utilization rate of 93%. This is driven by the NTCs’ aim to foster strong collaboration with key Aramco stakeholders, alongside the strategic diversification of program offerings and expansion into new sectors.
Our National Training Centers bring Aramco's vocational training legacy to local communities
To support the growth of the Kingdom’s economy, as well as to provide a robust pipeline of qualified local labor, Aramco began the National Training Centers (NTCs) initiative in 2008. The NTCs are the product of a strategic partnership between Aramco, select government entities, and the private sector to train young Saudis in critical and emerging industries.
To date, over 57,900 students have graduated from the NTCs in more than 80 different disciplines, with over 10% being women. Given this record, the centers remain on track to meet their aim of 100,000 graduates by 2030.
>100
training disciplines
>71,000
graduated to date
>10%
female representation
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