ADNOC Signs $1.63 Billion Agreements for Local Manufacturing
Deal News | May 21, 2025 | Zawya
ADNOC has signed framework agreements totaling $1.63 billion with 12 UAE-based firms to manufacture critical industrial equipment, such as cables and pressure vessels. This initiative aligns with the 'Make it in the Emirates' program and is expected to create up to 1,300 skilled jobs, supporting ADNOC's In-Country Value (ICV) program aimed at enhancing domestic manufacturing capacity and supply chain resilience. The agreements will affect industrial zones in Abu Dhabi, Dubai, and the Northern Emirates, highlighting ADNOC's strategy to foster balanced industrial growth and localization. By 2030, ADNOC plans to purchase $24.5 billion worth of locally manufactured goods, contributing significantly to the UAE economy.
Sectors
- Oil and Gas
- Manufacturing
- Infrastructure & Industrial Development
Geography
- United Arab Emirates – The article discusses ADNOC's agreements with UAE-based companies to boost the local economy and manufacturing sector.
- Middle East – ADNOC, based in the UAE, is a key player in the Middle Eastern oil and gas sector.
Industry
- Oil and Gas – The article is centered around ADNOC, a major oil and gas company, signing manufacturing agreements.
- Manufacturing – The agreements involve the local manufacturing of industrial equipment, such as pressure vessels and cables.
- Infrastructure & Industrial Development – The agreements are expected to enhance industrial zones and increase local manufacturing capacity in the UAE.
Financials
- $1.63 billion – Total value of the framework agreements signed by ADNOC with UAE companies.
- $24.5 billion – Planned procurement of locally manufactured products by ADNOC by 2030.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ADNOC | Bidding Company | Company | Abu Dhabi National Oil Company (ADNOC) is the state-owned oil company of the UAE, leading this manufacturing initiative. |
| ADOS Engineering Industries | Supplier | Company | A UAE-based company within the framework agreement for manufacturing pressure vessels. |
| Arabian Industries LLC | Supplier | Company | A UAE-based company involved in manufacturing pressure vessels. |
| Berg Industries LLC | Supplier | Company | One of the pressure vessel manufacturers in the agreement with ADNOC. |
| Dubai Cable Co. (PVT) Ltd | Supplier | Company | Involved in the manufacturing of cables under the agreement with ADNOC. |
| Dr. Sultan Ahmed Al Jaber | ADNOC Managing Director and Group CEO | Person | Overseeing the signing of agreements to support local manufacturing in the UAE. |