Local manufacturing opportunities

Abu Dhabi National Oil Company (ADNOC) has identified AED70bn ($19bn) worth of products in its procurement pipeline that could be manufactured locally. Out of this value, ADNOC signed agreements for local manufacturing opportunities worth AED21bn ($5.7n) with UAE and international companies at the recent ‘Make it in the Emirates Forum’ in Abu Dhabi.

The agreements will see the companies set up and expand manufacturing facilities in the UAE as well as jointly explore with ADNOC the potential for new investments in local manufacturing. These opportunities comprise of over 100 products, which ADNOC aims to purchase between 2022 and 2030. ADNOC is inviting the private sector to take advantage of this pipeline and invest in the UAE’s manufacturing sector to produce the products locally.
For further information www.adnoc.ae