Saudi oil giant gives $280 billion boost to GDP, creates 200,000 jobs

Saudi Aramco has reached a significant milestone, achieving 70% local content in its supply chain. This achievement strengthens Saudi Arabia’s industrial base and diversifies its economy beyond oil. The program has created over 200,000 jobs and attracted substantial foreign investment. Aramco aims to increase local content to 75% by 2030, further enhancing national capabilities and economic resilience.