ADNOC Signs AED 6 Billion Deals to Strengthen UAE’s Industrial Backbone

Twelve local manufacturers awarded contracts under ‘Make it in the Emirates’ initiative, expected to create up to 1,300 skilled jobs and boost industrial self-reliance Abu Dhabi, UAE – In a strategic move to enhance the nation’s industrial capabilities and reduce global supply chain risks, the Abu Dhabi National Oil Company (ADNOC) has inked framework agreements worth AED 6 billion (USD 1.64 billion) with 12 UAE-based manufacturers. The agreements focus on the local production of essential industrial equipment, including cables and pressure vessels, and are poised to create up to 1,300 skilled jobs in the private sector. The announcement was made … Continue reading ADNOC Signs AED 6 Billion Deals to Strengthen UAE’s Industrial Backbone