Subscribe to Newsletter

logo

  • News
  • Projects
  • Business and Finance
  • Trending
  • Business Insight
  • Events
  • Online Magazine
  • Advertise
  • Contact
Home
  • News
  • Projects
  • Business and Finance
  • Trending
  • Business Insight
  • Events
  • Online Magazine
  • Advertise
  • Contact
Quotes by TradingView

ADNOC signs $1.64 billion agreements for critical industrial equipment in the UAE

22 May, 2025
ADNOC



ADNOC has signed framework agreements valued at AED6 billion ($1.64 billion) with 12 UAE-based companies for manufacturing of critical industrial equipment in the UAE, supporting the ‘Make it in the Emirates’ initiative.

The long-term agreements are for the manufacturing of cables and pressure vessels. They will potentially create up to 1,300 skilled private-sector jobs, ensure availability of these equipment across ADNOC’s value chain, reduce delivery times and mitigate global supply chain risks.

The framework agreements will accelerate investment across industrial zones in Abu Dhabi, Dubai and the Northern Emirates, deepening the impact of ADNOC’s In-Country Value (ICV) program in boosting UAE manufacturing capacity, building a more resilient industrial base and enhancing business continuity.

Yaser Saeed Almazrouei, ADNOC Executive Director, People, Commercial and Corporate Support, said: “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.

“We are providing greater visibility into the products we intend to purchase locally and we encourage businesses to capitalize on ADNOC’s huge pipeline of local manufacturing opportunities through the Make it with ADNOC app to enhance business continuity and create long-term sustainable value.”

The manufacturers include nine companies for 10 types of pressure vessels, and three companies for four types of cables. The pressure vessel manufacturers are: ADOS Engineering Industries, Arabian Industries LLC, Berg Industries LLC, Euro Mechanical & Electrical Contracting Company LLC, METALFAB Middle East FZ L.L.C, Micoda Process Systems International Company, NASH Engineering FZCO, Polar Specialized Industries (PSI), and United Metal Works Est. Factory Abu Dhabi. The cable manufacturers are: Dubai Cable Co. (PVT) Ltd, Mark Cables and National Cable Industry.

ADNOC plans to purchase AED90 billion ($24.5 billion) worth of locally manufactured products in its procurement pipeline by 2030. The company’s ICV program has driven AED242 billion ($65.9 billion) back into the UAE economy and enabled 17,000 Emiratis to be employed in the private sector since 2018. As part of ADNOC’s ICV program, the company aims to drive AED200 billion ($54.5 billion) into the UAE economy over the next five years.

Related Articles

China's CNOOC finalises LNG deal with ADNOC amid US tariff dispute

CNOOC finalises LNG deal with ADNOC amid US tariff dispute

ADNOC inks 15-year LNG supply deal with Osaka Gas

ADNOC inks 15-year LNG supply deal with Osaka Gas

ADNOC

ADNOC Gas raises US$2.84b in share offering, oversubscribed 4.4 times

ADNOC awards early EPC for Ruwais LNG project

ADNOC and BPCL finalise major LNG supply deal following India Energy Week

Comments

Leave a comment Cancel reply

You must be logged in to post a comment.

Breaking

  • News
  • Projects
  • Trending
12 Jun

APLNG cuts LNG contract price substantially for Sinopec

10 Jun

Worley selected for Alaska LNG pipeline engineering

05 Jun

Australia’s global gas investment edge is slipping away

04 Jun

Queensland LNG operators win top AEP excellence award

04 Jun

Queensland releases new land for gas exploration

05 Jun

Venture Global begins work on CP2 LNG in the US

05 Jun

Government approves Geelong LNG terminal project

05 Jun

Tamboran advances Shenandoah South project financing

05 Jun

Omega accelerates Canyon appraisal after successes

30 May

Sinopec sets ultra-deep shale gas record in China

09 Apr

The decommissioning challenge: How Australia and the UK can collaborate for success

14 Feb

Risks of subsea operations necessitate project lifecycle assurance

13 Feb

Global bunkering sees steady growth as demand rises

12 Feb

Offshore well integrity risk drives urgency for effective decommissioning regime

11 Feb

The role of Australia’s oil and gas sector shifts as energy markets make new demands

Online Magazine

    Current Cover
  • Login
  • Subscribe

Subscribe

Subscribe to Newsletter

Our Titles

  • Share on Newsletter
  • Share on LinkedIn
  • Share on Twitter
  • Share on Facebook
  • Home
  • Contact Us
  • Terms and Conditions
  • Privacy
© Sage Media Group 2025 All Rights Reserved.
×
Authorization
  • Registration
 This feature has been disabled
 This feature has been disabled until further notice, however you may still register
×
Registration
  • Autorization
Register
* All fields required