ADNOC Suppliers Commit to AED3 Billion Manufacturing Investment in UAE

ADNOC has announced that its suppliers will invest AED3 billion in manufacturing facilities across the UAE, a move influenced by the company's In-Country Value (ICV) program. This substantial investment will bolster the UAE's industrial capabilities and align with ADNOC's procurement strategy to promote local manufacturing as part of the Make it in the Emirates initiative. The investment will lead to the creation of over 3,500 skilled jobs, encompassing newly operational sites, major expansions, and fresh commitments. The facilities will contribute by producing various industrial products essential to ADNOC's operations, reflecting its commitment to sustainability and economic diversification. This is in line with ADNOC's plan to locally produce AED90 billion worth of goods by 2030. Yaser Saeed Almazrouei, ADNOC's Executive Director, highlighted the strategic benefits of these investments in strengthening the UAE's industrial base and supporting economic growth.