ADNOC signs agreements with more than 60 companies at Make it in the Emirates Forum

ADNOC signs agreements with more than 60 companies at Make it in the Emirates Forum

ADNOC announced today at the Make it in the Emirates Forum in Abu Dhabi, new agreements with more than 60 UAE-based and international companies to locally manufacture critical non-oil products in its supply chain.

The new agreements bring ADNOC closer to its target to locally manufacture AED70 billion ($19 billion) worth of products in its procurement pipeline which was announced at the last Make it in the Emirates forum in June 2022. In addition, the agreements have enabled AED2.84 billion ($774 million) to flow back into the UAE economy through industrial investments by suppliers in expanding or establishing new facilities.

ADNOC also accelerated its AED70 billion target to 2027, ahead of the previous target of 2030. Since the launch of Make it in the Emirates, ADNOC has more than tripled its direct spend with local manufacturers.

ADNOC’s Make it in the Emirates agreements are estimated to contribute to 10% of the AED172 billion ($46.9 billion) target in the Abu Dhabi Industrial Strategy which will double the size of Abu Dhabi’s manufacturing sector. The agreements could also enable 21,500 jobs within the UAE by 2031.

Dr. Saleh Al Hashmi, ADNOC Director, Commercial and ICV Directorate, said, “ADNOC is a critical engine for the UAE’s industrial