Abu Dhabi: ADNOC announced today at the Make it in the Emirates forum the award of contracts valued at AED543 million ($147.8 million) to nine of its suppliers for locally made industrial products to be used across its value chain.
According to Emirates News Agency, the agreements were enabled by ADNOC’s In-Country Value (ICV) programme and span a range of products including personal protective equipment (PPE), chemicals for drilling and production, valves, biodiesel, and corrosion inhibitors. This initiative is aimed at strengthening ADNOC’s supply chain resilience, reducing dependency on imports, and generating more private-sector employment opportunities for Emiratis.
ADNOC’s ICV programme offers a platform for businesses to tap into its extensive commercial opportunities, aligning with its strategic goal to locally manufacture AED90 billion ($24.5 billion) worth of products in its procurement pipeline by 2030. Yaser Saeed Almazrouei, ADNOC Executive Director, People, Commercial and Corporate Support, emphasized the significance of these long-term contracts, stating that they transform business demand for essential industrial products into practical opportunities, allowing UAE manufacturers to expand and compete.
Among the manufacturers awarded supplier contracts are Al Ghaith Industries, Union Chlorine LLC, C1 Water Industries LLC, RAK CHEM Industries, and EMOCHEM. These contracts are a testament to the success of ADNOC’s ICV programme, which has redirected AED242 billion back into the UAE economy and facilitated employment for 17,000 Emiratis in the private sector since 2018.
At the Make it in the Emirates forum, held this week in Abu Dhabi as a key investment gateway into the UAE’s industrial landscape, ADNOC has been outlining numerous commercial opportunities across its value chain. The forum encourages manufacturers, small and medium-sized enterprises (SMEs), and entrepreneurs to explore the ‘Make it with ADNOC’ app, which offers businesses insights into products ADNOC intends to procure, thereby streamlining the procurement process.