Abu Dhabi, UAE – ADNOC, Abu Dhabi’s state-owned energy company, has inked new contracts totaling $4.63 billion with 23 firms to manufacture a wide variety of key industrial items domestically.
Pipes and fittings, valves, bends and cladded pipes, industrial pumps, batteries, pipes and fittings, and many more goods will be manufactured locally.
Proclad, Tri Star Middle East, and Petro Globe Oil & Gas Equipment are among the firms that have obtained contracts.
The previous and most recent agreements were struck with UAE and foreign firms as part of a plan to encourage the private sector to capitalise on commercial prospects for local manufacturing within ADNOC’s “In-Country Value (ICV) program”.