whatsapp

Adnoc Signs Dh6 Billion Local Supply Deals to Boost UAE Manufacturing and Create 1,300 Jobs

/media/GA_4_TjrAirC.webp © Image Copyrights Title

The Abu Dhabi National Oil Company (Adnoc) has inked AED 6 billion ($1.64 billion) worth of strategic agreements with 12 UAE-based manufacturers to locally produce critical industrial components, including high-demand cables and pressure vessels. These long-term framework deals are set to create as many as 1,300 skilled jobs in the UAE’s private sector, while also fortifying the nation’s supply chain resilience.

Signed under the umbrella of the UAE’s “Make it in the Emirates” initiative, the deals aim to strengthen domestic manufacturing, reduce reliance on imports, and significantly improve delivery timelines across Adnoc’s supply operations. The signing ceremony was held during the Abu Dhabi Industrial Forum and was witnessed by Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Adnoc’s Managing Director and Group CEO.

“These agreements are part of our ongoing strategy to expand our local manufacturing base and stimulate private sector growth across the country,” said Yaser Almazrouei, Adnoc Executive Director. He encouraged more suppliers to engage with Adnoc through its dedicated “Make it with Adnoc” platform.

The newly signed framework includes nine manufacturers specializing in ten different types of pressure vessels, and three companies focused on producing four types of industrial cables. These firms are located across major industrial zones such as ICAD, KEZAD, JAFZA, and Dubai Industrial Park.

The initiative also aligns with Adnoc’s wider In-Country Value (ICV) programme, which has already channeled over Dh242 billion back into the UAE economy since 2018. The company aims to inject an additional Dh200 billion over the next five years and plans to purchase Dh90 billion worth of locally manufactured products by 2030.

The ripple effects of these agreements are expected to benefit not only the energy sector but also the UAE’s broader industrial ecosystem. The investments will support economic diversification, boost technology transfer, and enhance competitiveness in high-value manufacturing.

With the latest announcement, Adnoc is reinforcing its role not just as a global energy provider, but as a key driver of domestic industrial growth and private sector employment.

Commnets 0
Leave A Comment

Related Posts
© Al Ansari Financial Services Expands Western Union Partnership Across Bahrain and Kuwait

Al Ansari Financial Services Expands Western Union Partnership Across Bahrain and Kuwait

Al Ansari Financial Services PJSC has expanded its partnership with global money transfer company Western Union by extending its international remittance services through its subsidiaries in Bahrain a...

© Brent Crude Climbs Above $90 on Growing Middle East Tensions

Brent Crude Climbs Above $90 on Growing Middle East Tensions

Global oil prices extended their rally on Monday, with Brent crude climbing above the $90-per-barrel mark for the first time in weeks as escalating military tensions between the United States and Iran...

© Modon Sells Out Dh1.25 Billion Worth of Bashayer Homes on Hudayriyat Island in 24 Hours

Modon Sells Out Dh1.25 Billion Worth of Bashayer Homes on Hudayriyat Island in 24 Hours

Abu Dhabi-based developer Modon has sold all 300 residences in the final phase of its Bashayer waterfront community on Hudayriyat Island within 24 hours of launch, generating approximately Dh1.25 bill...

© UAE's EDGE to Acquire Brazil's AKAER in Strategic Aerospace Expansion

UAE's EDGE to Acquire Brazil's AKAER in Strategic Aerospace Expansion

UAE-based defence and advanced technology group EDGE has signed an agreement to acquire a 100 percent stake in Brazilian aerospace engineering company AKAER, marking a significant step in its global e...

© SK Hynix Shares Tumble 11% as Global Chip Sell-Off Spreads Across Asian Markets

SK Hynix Shares Tumble 11% as Global Chip Sell-Off Spreads Across Asian Markets

SK Hynix shares plunged more than 11% on Thursday, leading a broad sell-off in Asian semiconductor stocks after weakness in U.S. chipmakers triggered fresh concerns over elevated valuations in the art...

© UAE Fuel Price Outlook Uncertain as Global Oil Prices Surge Above $85

UAE Fuel Price Outlook Uncertain as Global Oil Prices Surge Above $85

The outlook for UAE fuel prices has become increasingly uncertain after global crude oil prices climbed sharply amid renewed geopolitical tensions in the Gulf region....

© Oil Prices Climb as Strait of Hormuz Tensions Renew Global Supply Concerns

Oil Prices Climb as Strait of Hormuz Tensions Renew Global Supply Concerns

Global Markets: Crude oil prices extended their upward momentum on Tuesday after renewed geopolitical tensions in the Middle East raised fresh concerns about the stability of global energy supplies. I...

© Global Oil Demand Set for First Annual Decline Since COVID-19, IEA Warns

Global Oil Demand Set for First Annual Decline Since COVID-19, IEA Warns

Global oil demand is expected to record its first annual decline since the COVID-19 pandemic, according to the latest monthly report from the International Energy Agency (IEA). The agency forecasts th...

© Nasdaq Dubai Records $13.8 Billion in New Fixed-Income Listings in 2026

Nasdaq Dubai Records $13.8 Billion in New Fixed-Income Listings in 2026

Nasdaq Dubai has added 33 new fixed-income listings worth $13.8 billion since the start of 2026, reinforcing Dubai's position as one of the world's leading hubs for sukuk and debt capital markets. Int...

© Ajman Bank Raises $300 Million Through Debut AT1 Sukuk Priced at 6.5%

Ajman Bank Raises $300 Million Through Debut AT1 Sukuk Priced at 6.5%

Ajman Bank has successfully completed its inaugural $300 million Additional Tier 1 (AT1) Perpetual Non-Call 5.5-Year Sukuk, pricing the issuance at a 6.5% profit rate. The milestone transaction streng...