WAM
21 May 2025, 19:12 GMT+10
ABU DHABI, 21st May, 2025 (WAM) -- ADNOC announced today that it has signed framework agreements valued at AED6 billion ($1.64 billion) with 12 UAE-based companies for manufacturing of critical industrial equipment in the UAE, supporting the 'Make it in the Emirates' initiative.
The long-term agreements are for the manufacturing of cables and pressure vessels. They will potentially create up to 1,300 skilled private-sector jobs, ensure availability of these equipment across ADNOC's value chain, reduce delivery times and mitigate global supply chain risks.
The framework agreements will accelerate investment across industrial zones in Abu Dhabi, Dubai and the Northern Emirates, deepening the impact of ADNOC's In-Country Value (ICV) programme in boosting UAE manufacturing capacity, building a more resilient industrial base and enhancing business continuity.
The signing of the agreements was witnessed by Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO at the 'Make it in the Emirates' forum currently taking place in Abu Dhabi.
Yaser Saeed Almazrouei, ADNOC Executive Director, People, Commercial and Corporate Support, said, "These frameworks agreements to manufacture pressure vessels and cables in the UAE highlight ADNOC's success in strengthening the resilience of our supply chain, expanding the UAE's manufacturing base and creating jobs in the private sector through our In-Country Value program. We are providing greater visibility into the products we intend to purchase locally and we encourage businesses to capitalise on ADNOC's huge pipeline of local manufacturing opportunities through the Make it with ADNOC app to enhance business continuity and create long-term sustainable value."
The companies within the framework agreements are located across key industrial zones, including Industrial City of Abu Dhabi (ICAD), Khalifa Economic Zones Abu Dhabi (KEZAD), Dubai Industrial Park, Jebel Ali Free Zone (JAFZA), and industrial areas in Sharjah and Umm Al Quwain. This highlights ADNOC's commitment to enabling balanced industrial growth across the UAE and ensuring that the benefits of localisation are shared nationwide.
The manufacturers include nine companies for 10 types of pressure vessels, and three companies for four types of cables. The pressure vessel manufacturers are: ADOS Engineering Industries, Arabian Industries LLC, Berg Industries LLC, Euro Mechanical & Electrical Contracting Company LLC, METALFAB Middle East FZ L.L.C, Micoda Process Systems International Company, NASH Engineering FZCO, Polar Specialized Industries (PSI), and United Metal Works Est. Factory Abu Dhabi. The cable manufacturers are: Dubai Cable Co. (PVT) Ltd, Mark Cables and National Cable Industry.
ADNOC plans to purchase AED90 billion ($24.5 billion) worth of locally manufactured products in its procurement pipeline by 2030. The company's ICV programme has driven AED242 billion ($65.9 billion) back into the UAE economy and enabled 17,000 Emiratis to be employed in the private sector since 2018.
As part of ADNOC's ICV programme, the company aims to drive AED200 billion ($54.5 billion) into the UAE economy over the next five years.
Get a daily dose of Arab Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Arab Herald.
More InformationAstana [Kazakhstan], May 21 (ANI): A human rights organisation is calling on Kazakhstan to refrain from deporting a 23-year-old ethnic...
Washington allegedly obtained new intelligence suggesting ongoing preparations for such an attack The chance of an Israeli military...
Islamabad [Pakistan], May 21 (ANI): The Pakistani federal government has reportedly fallen short of its economic growth target for...
New Delhi [India], May 21 (ANI): Ethiopian Ambassador to India, Fesseha Shawel Gebre, strongly condemned the April 22 Pahalgam terror...
Dehradun (Uttarakhand) [India], May 21 (ANI): Mufti Shamoon Qasmi, president of the Uttarakhand Madrasa Education Board, has said that...
New Delhi [India], May 20 (ANI): The Supreme Court on Tuesday was told by petitioners challenging the Constitutional validity of the...
WASHINGTON, DC - A coalition of 29 U.S. senators, spanning both parties, introduced a resolution on Thursday calling on the Trump administration...
GAZA - Israel Air Force pilots have heavily bombarded Gaza this week, killing hundreds and severely wounding hundreds more. The...
DOHA, Qatar: Boeing secured its largest widebody aircraft deal this week, as Qatar Airways placed firm orders for 160 jets with options...
ABU DHABI, 21st May, 2025 (WAM) -- ADNOC announced today that it has signed framework agreements valued at AED6 billion ($1.64 billion)...
ABU DHABI, 21st May 2025 (WAM) -- The UAE Media Council (UAEMC) today signed a contract with Presight - the UAE's leading global big...
ABU DHABI, 21st May 2025 (WAM) -- In a move to solidify the UAE's position as a global financial hub, the Central Bank of the UAE (CBUAE)...
