Kanoo Energy UAE & ADNOC enter into local manufacturing agreements

  • Date: 09-Jun-2023
  • Source: Zawya
  • Sector:Oil & Gas
  • Country:UAE
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Kanoo Energy UAE & ADNOC enter into local manufacturing agreements

Kanoo Energy UAE & ADNOC, signed three separate agreements for local manufacturing opportunities as part of the ‘Make in Emirates Forum’, held in Abu Dhabi from 31st May till 1st Jun’23.

The ‘Make it in the Emirates Forum’, focusing on the theme of 'Investment, Sustainability & Growth', was organized by the Ministry of Industry and Advanced Technology (MoIAT) in collaboration with the Abu Dhabi Department of Economic Development and ADNOC. In addition to showcasing the UAE as a global hub for manufacturing and innovation, the Forum seeked to promote sustainability and reduce and eliminate carbon emissions within the industrial sector in line with objectives of the ‘Year of Sustainability’, the UAE's Net Zero by 2050 strategic initiative, and its preparations to host COP28.

The agreements entered between Kanoo Energy & ADNOC, outline the intention of the companies to explore manufacturing Valves, Flanges and Establishment of Reverse Engineering facility in the UAE, supporting the ‘Make it in the Emirates’ initiative and the ‘Abu Dhabi Industrial Strategy.’ The products are part of the $19 B worth of products in ADNOC’s procurement pipeline that ADNOC identified for domestic manufacturing in July 2022.

The agreements were signed by Mr. Fahad Kanoo, CEO UAE & Oman and Dr.