Abu Dhabi, UAE — ADNOC has announced new agreements with 30 companies for local manufacturing of critical non-oil products in its supply chain as it accelerates the decarbonization of its operations.
The announcement was made at ADNOC’s 7th annual Business Partnership Forum held at ADIPEC, the world’s largest energy industry gathering taking place in Abu Dhabi.
The new agreements, outline the companies’ intention to locally manufacture products potentially worth up to AED10 billion ($2.7 billion) in ADNOC’s supply chain, ADNOC said.
The agreements support its target to locally manufacture AED70 billion ($19 billion) worth of products in its procurement pipeline by 2027 as part of the ‘Make it in the Emirates’ initiative.
Among the products that will be produced locally under these agreements are Personal Protective Equipment, which will enhance the safety of operations across all ADNOC Group companies. Battery energy storage systems and Uninterrupted Power Supply (UPS) equipment will also be manufactured in the UAE, enabling the replacement of diesel generators with more sustainable energy at ADNOC Onshore, ADNOC Offshore and ADNOC Drilling.
Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development, said, “ADNOC’s localization of its supply chain is consistent with our diversification strategy and the Abu Dhabi Industrial Strategy (ADIS), which is accelerating the UAE manufacturing sector’s transformation and strengthening its position as the region’s most competitive industrial hub.”
“These efforts have helped to increase the contribution of the non-oil sectors to 53 percent of Abu Dhabi’s total GDP by the end of Q1 2023,” he said.
