ADNOC announced today at the Make it in the Emirates Forum in Abu Dhabi, new agreements with more than 60 UAE-based and international companies to locally manufacture critical non-oil products in its supply chain.
The new agreements have enabled ADNOC to get closer to its target to locally manufacture AED70 billion ($19 billion) worth of products in its procurement pipeline which was announced at the last Make it in the Emirates forum in June 2022.
Dr. Saleh Al Hashmi, ADNOC Director, Commercial and ICV Directorate, said: “ADNOC is a critical engine for the UAE’s industrial growth and we are strengthening this role by localizing our supply chain and creating long-term domestic manufacturing opportunities for the private sector from our procurement pipeline, and ensuring its business continuity as we decarbonize our operations and work towards a lower carbon future. The agreements we have signed with the private sector supports our ongoing decarbonization efforts and will drive more sustainable value for ADNOC as well as enhance the resilience of our supply chain and the UAE’s industrial base. We encourage local and international manufacturers to take advantage of the remaining domestic manufacturing opportunities ADNOC has created and join the UAE in our industrial growth journey.”
Domestic manufacturing of critical industrial products strengthens the resilience of ADNOC’s supply chain and provides greater flexibility to respond to market dynamics as the company decarbonizes its operations and invests in lower-carbon energy solutions. It also also supports the UAE Net Zero by 2050 Strategic Initiative as new investors are encouraged to adopt clean technologies while setting up in the UAE through incentives in ADNOC’s In-Coutnry Value Program.