ADNOC Creates a Dhs60bn Opportunity for UAE Manufacturing
Adnoc announced on Sunday more than Dhs60 billion in local manufacturing opportunities through 2030 and a comprehensive transformation of its procurement, supplier registration and In-Country Value (ICV) frameworks, accelerating the conversion of its business growth into industrial investment, skilled jobs and stronger supply chains in the UAE.
Announced at the second Make it with Adnoc Forum, held in the lead-up to ADIPEC at Emirates Palace in Abu Dhabi, the measures give manufacturers, suppliers and investors greater visibility into future demand and a faster, clearer route to compete for Adnoc’s business.
They could produce more than 200 key items and a wide range of critical replacement parts domestically, along with increased support for industrial investment, simplified qualification requirements, and longer-term commercial collaborations.
Adnoc’s growth is a compelling potential to strengthen the UAE’s industrial base’, said Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Adnoc Managing Director and Group CEO. The next phase is about giving manufacturers and investors the confidence to act, clarity on what we need, visibility on when we need it, and a simpler way to compete for our business. We are inviting companies to build capabilities in the UAE that will help our industry and country for years to come.”
“Every product that we can make competitively here adds to our ability to deliver. The measures unveiled today connect that aim with tangible action, from speedier supplier registration and more competitive procurement to long-term relationships that promote investment. “We want our partners to grow with us, and we want that growth to add sustainable value to the UAE.
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