ADNOC has signed framework agreements worth AED6 billion ($1.64 billion) with 12 UAE-based companies to manufacture critical industrial equipment within the country. The agreements focus on producing cables and pressure vessels, potentially creating up to 1,300 skilled jobs in the private sector. This initiative supports the ‘Make it in the Emirates’ program.
The framework aims to ensure equipment availability across ADNOC’s value chain, reduce delivery times, and mitigate global supply chain risks. It will also boost investment across industrial zones in Abu Dhabi, Dubai, and the Northern Emirates as part of ADNOC’s In-Country Value (ICV) program.
Yaser Saeed Almazrouei, ADNOC Executive Director for People, Commercial and Corporate Support stated: “These frameworks agreements to manufacture pressure vessels and cables in the UAE highlight ADNOC’s success in strengthening the resilience of our supply chain, expanding the UAE’s manufacturing base and creating jobs in the private sector through our In-Country Value program.”
The agreements involve nine companies manufacturing ten types of pressure vessels and three companies producing four types of cables. The manufacturers are located in key industrial zones including Industrial City of Abu Dhabi (ICAD), Khalifa Economic Zones Abu Dhabi (KEZAD), Dubai Industrial Park, Jebel Ali Free Zone (JAFZA), Sharjah, and Umm Al Quwain.
ADNOC plans to purchase AED90 billion ($24.5 billion) worth of locally manufactured products by 2030 as part of its procurement pipeline. Since 2018, ADNOC’s ICV program has contributed AED242 billion ($65.9 billion) back into the UAE economy and enabled employment for 17,000 Emiratis in the private sector.
