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SCHLÜTER GRAF hosted a Breakfast Seminar on Saudi Aramco’s “In-Kingdom Total Value Add” Program (IKTVA)
Our senior lawyer Dr. Constantin Frank-Fahle and Mr. Michael Hackenbruch held a seminar on Saudi Aramcos’s in-Kingdom Total Value Add Program (IKTVA) in our law firm in Business Bay last Thursday (12 April 2018).
The Kingdom of Saudi Arabia (KSA) continues to undergo enormous political and social changes. Despite the economic problems, KSA remains the strongest economy within the GCC countries. While the regulatory framework and the ease of doing business has rather discouraged many investors from entering the KSA market, certain localization measures have made it mandatory to set-up production facilities in KSA. This is particularly true when contracting with Saudi Aramco.
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