ADNOC has announced the awarding of contracts worth AED543 million ($147.8 million) to nine suppliers for locally manufactured industrial products. The announcement was made at the Make it in the Emirates forum held in Abu Dhabi.
The contracts cover a range of products including personal protective equipment (PPE), chemicals for drilling and production, valves, biodiesel, and corrosion inhibitors. These agreements are part of ADNOC’s In-Country Value (ICV) program aimed at strengthening its supply chain, reducing import reliance, and creating private sector jobs for Emiratis.
Yaser Saeed Almazrouei, ADNOC Executive Director, People, Commercial and Corporate Support stated: “Through these long-term contracts for made-in-the-UAE products, we are turning our business demand for critical industrial products into tangible opportunities that empower manufacturers in the UAE to grow and compete. These awards highlight the attractive commercial opportunities ADNOC is creating for businesses that are ready to ‘Make it in the Emirates’.”
Among the manufacturers awarded supplier contracts are Al Ghaith Industries, Union Chlorine LLC, C1 Water Industries LLC, RAK CHEM Industries, and EMOCHEM. Since 2018, ADNOC’s ICV program has driven AED242 billion back into the UAE economy and created jobs for 17,000 Emiratis in the private sector.
The Make it in the Emirates event serves as a gateway to invest in the UAE’s industrial ecosystem. ADNOC has been presenting various commercial opportunities across its value chain during this event.
Manufacturers and entrepreneurs are encouraged to use the ‘Make it with ADNOC’ app which provides insights into products ADNOC plans to purchase. This initiative aims to streamline procurement processes.
