Business Expansion Adnoc’s Suppliers to Invest 817 Million Dollars in Manufacturing Facilities

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At the recently held ‘Make it in the Emirates’ forum, Adnoc announced that its suppliers have committed to invest 817 million dollars in manufacturing facilities across the UAE. With this initiative, the suppliers intend to create more than 3,500 highly skilled private sector jobs and manufacture a wide range of industrial products including pressure vessels, pipe coatings and fasteners.

Abu Dhabi/UAE – Adnoc has recently announced that its partners across its supply chain commit to invest AED 3 billion (817 million dollars) in manufacturing facilities across the UAE. The announcement was made at the ‘Make it in the Emirates’ forum which was held in Abu Dhabi.

The facilities are located across Industrial City of Abu Dhabi (Icad), Khalifa Economic Zones Abu Dhabi (Kezad), Dubai Industrial Park, Jebel Ali Free Zone (Jafza), Sharjah Airport International Free Zone (Saif Zone) and Umm Al Quwain. They will create more than 3,500 highly skilled private sector jobs and manufacture a wide range of industrial products including pressure vessels, pipe coatings and fasteners.

The facilities have been enabled by commercial agreements Adnoc signed with the companies under its In-Country Value (ICV) program. The ICV program is providing a platform for businesses to capitalize on Adnoc’s diverse commercial opportunities as it delivers on its plan to locally manufacture AED 90 billion (24.5 billion dollars) worth of products in its procurement pipeline by 2030.

Yaser Saeed Almazrouei, Adnoc Executive Director, People, Commercial and Corporate Support, said: “We welcome our partners’ commitment to advancing local manufacturing through their investments in these state-of-the-art facilities which will strengthen the UAE’s industrial base and create highly skilled private sector jobs. These investments reflect Adnoc’s ongoing drive to support the ‘Make it in the Emirates’ initiative and localize strategic industrial capabilities through our In-Country Value program. We look forward to working with our partners to ensure business continuity and unlock further opportunities for sustainable growth and economic diversification.”

The facilities include newly operational sites, major expansions and investment commitments. The state-of-the art facilities are aligned with Adnoc’s current and future procurement requirements, underscoring its support for the ‘Make it in the Emirates’ initiative.

The announcement builds on the success of Adnoc’s ICV program, which has driven AED 242 billion back into the UAE economy and enabled 17,000 jobs for UAE Nationals in the private sector since 2018. Manufacturers, small and medium-sized enterprises (SMEs) and entrepreneurs are encouraged to explore the ‘Make it with Adnoc’ app, which provides businesses with visibility into the products Adnoc plans to purchase, offering a more streamlined and integrated procurement process.

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