ADNOC has announced at the ‘Make it in the Emirates’ forum an increase in its local manufacturing target for critical industrial products in its procurement pipeline to AED 90bn (USD 24.5bn) by 2030 to propel UAE’s economic diversification, strengthen the industrial sector and expand local manufacturing capabilities.
The new target is part of ADNOC’s expanded In-Country Value (ICV) program which aims to drive an additional AED 178bn (USD 49bn) back into the UAE economy by 2028. ADNOC’s previous 2027 target for local manufacturing of AED 70bn (USD 19bn) worth of products was delivered ahead of schedule following the award of two contracts for metal pipes and valves worth AED 16.8bn (USD 4.6bn) to local manufacturers.
The contracts include AED 8.8bn (USD 2.4bn) for metal pipes to PM Piping Petroleum Equipment, Ajmal Steel, and the Emirati-owned Al Gharbia Pipe Company; and AED 8bn (USD 2.2bn) for mechanical valves to Samamat, Camtech Manufacturing, Tisco Valves Manufacturing, PTPA, MT Valves and Industries.
ADNOC’s expanded ICV program will provide a dedicated micro, small, and medium enterprises (MSMEs) accelerator program to enable Emirati businesses and local MSMEs to conduct business across ADNOC’s supply chain.
The program will also introduce incentives to embed sustainability in local supply chains by encouraging investors to adopt clean technologies and best-in-class environmental, social, and governance (ESG) practices.
It will accelerate the adoption of artificial intelligence (AI) in ADNOC’s supply chain and enable micro, small, and medium enterprises (MSMEs) to participate in strengthening the resilience of the UAE’s industrial base.
