ADNOC awards Dhs720m in manufacturing contracts in the UAE

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ADNOC has announced new contracts worth Dhs720m ($196.2m) for the local manufacturing of essential products across its expansive value chain, marking a significant milestone in its commitment to industrial growth and self-sufficiency in the UAE.

The contracts were unveiled at ADNOC’s Business Partnership Forum, held alongside the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC).

These awards to 11 companies underscore ADNOC’s In-Country Value (ICV) programme’s pivotal role in fostering local industry and aligning with the UAE’s ‘Make it in the Emirates’ (MIITE) initiative.

Additionally, ADNOC’s partners launched eight new UAE-based manufacturing facilities at ADIPEC, bringing the total number enabled by the ICV programme to 16 in 2024 alone and 33 since the MIITE initiative began.

The contract recipients include companies specialising in corrosion protection, chemicals, safety equipment, and workwear.

Highlights include awards to Corrosion Technology Services Middle East and Bin Sari Specialized Technologies for well casing protection, and Al Masaood Oil Industry Supplies & Services Company for safety helmets.

New manufacturing facilities from global and regional players — such as Baker Hughes, Schneider Electric, and Tenaris Etihad Tubular — span diverse production lines, from offshore cranes and safety valves to pipe modules and well control tools.

ADNOC’s strategic commitment to the UAE’s industrial ecosystem

At the forum, ADNOC outlined expansive commercial opportunities across its value chain, inviting private sector companies to leverage these prospects to enhance the UAE’s industrial capacity.

In his remarks, ADNOC’s ED of People, Commercial & Corporate Support, Yaser Saeed Almazrouei, emphasised ADNOC’s ongoing efforts to drive sustainable economic impact.

He said: “In collaboration with our partners in the private sector, ADNOC continues to drive sustainable value for the UAE and create opportunities for people and local businesses to thrive. Through our In-Country Value programme, we are boosting the UAE’s manufacturing capacity, enhancing self-sufficiency and reinforcing our role as a catalyst for the nation’s growth and diversification. We extend an open invitation to UAE and international companies to partner with us and explore the long-term manufacturing opportunities we are creating.”

The forum featured the launch of ADNOC’s Responsible Sourcing Program, an initiative aimed at improving transparency and fostering sustainable practices within its supply chain.

The forum, gathering suppliers, UAE companies, and government stakeholders, also facilitated discussions around enhancing public-private partnerships to drive industrial development.

A panel titled Advancing Partnerships to Sustain Mutual Growth featured insights from Ahmed Helal Al Blooshi of the Abu Dhabi Department of Economic Development,  Hareb Al Muhairi from the Abu Dhabi Investment Office, and Mohamed Eissa Al Refaei of the Abu Dhabi Chamber of Commerce and Industry.

Together, they highlighted the mutual benefits of aligning economic strategy with ADNOC’s expansion plans.

Impact of ADNOC’s ICV Programme

Since its 2018 launch, ADNOC’s ICV programme has injected Dhs187bn into the UAE economy and reduced reliance on imports by fostering local manufacturing.

This programme has also generated over 14,000 private-sector jobs for Emirati nationals through the NAFIS initiative, with ADNOC aiming to create an additional 13,500 jobs by 2028. ADNOC’s ICV programme targets further economic reinvestment, aiming to drive Dhs178bn back into the UAE economy over the next four years.