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.
