ADNOC announced the award of contracts valued at $196.2 million for local manufacturing of a wide range of products across its value chain. The announcement was made at ADNOC’s Business Partnership Forum which was held on the sidelines of ADIPEC.

The contract awards to 11 companies were enabled by ADNOC’s In-Country Value (ICV) program and support the Make it in the Emirates (MIITE) initiative. Separately, ADNOC’s partners inaugurated eight UAE manufacturing facilities at ADIPEC, taking the total number of facilities enabled by the ICV program to 16 this year and 33 in total since the start of the MIITE initiative.

Yaser Saeed Almazrouei, ADNOC Executive Director, People, Commercial & Corporate Support, said: “In collaboration with our partners in the private sector, ADNOC continues to drive sustainable value for the UAE and create opportunities for people and local businesses to thrive. Through our In-Country Value program, we are boosting the UAE’s manufacturing capacity, enhancing self-sufficiency and reinforcing our role as a catalyst for the nation’s growth and diversification. We extend an open invitation to UAE and international companies to partner with us and explore the long-term manufacturing opportunities we are creating.”

ADNOC’s Business Partnership Forum brought together suppliers, UAE-based companies, and government stakeholders to explore opportunities and establish private-public partnerships that drive socioeconomic progress and boost UAE’s industrial ecosystem.

A panel session on “Advancing Partnerships to Sustain Mutual Growth” was held at the forum and featured Ahmed Helal Al Blooshi, Executive Director of the Economic Strategy Sector at the Abu Dhabi Department of Economic Development; Hareb Al Muhairi, Executive Director at the Abu Dhabi Investment Office; and Mohamed Eissa Al Refaei, Executive Director of the Business Networking Sector at the Abu Dhabi Chamber of Commerce and Industry.