The Abu Dhabi National Oil Company (ADNOC) has signed agreements with 23 companies, with investments amounting to 17 billion dirhams ($4.63 billion) as part of its strategy to support local manufacturing in the UAE.
The agreements signed with a number of local and international companies come as part of investments worth 70 billion dirhams ($19 billion) to support the campaign “Made in UAE“.
and plans ADNOC To expand in joint ventures that aim to secure their purchases through products that can be manufactured locally, according to the company’s strategy, which it launched in July 2022.
Enhance added value
ADNOC continues to invite the private sector to take advantage of the commercial opportunities provided by the manufacture of local products that are used within its business in various fields and aspects of the sector. oil and gasthrough its program to enhance the local added value, and within the framework of the company’s efforts to expand its business and reduce the emissions of its operations.
For his part, Saleh Al Hashemi, Head of Commercial Affairs and In-Country Value Enhancement at ADNOC, said: “The company provides opportunities for long-term local manufacturing of products within its procurement plan, to contribute to supporting the industrial base in the Emirates, and to enhance the flexibility of the company’s supply chains, as part of its endeavor The company to provide cleaner energy with investment in Clean future energies“.
He added, “The agreements establish ADNOC’s role as a major engine for industrial growth in the UAE, and provide great potential that contributes to driving economic diversification and creating more job opportunities for qualified citizens.”
He pointed out that his company is looking forward to working with these companies to implement the important agreements concluded with them and achieve sustainable value for the UAE.
Support the UAE economy
During the past year, ADNOC signed agreements for local manufacturing opportunities worth more than 25 billion dirhams ($6.8 billion) with Emirati and international companies.
It continues to use a transparent approach in announcing its production forecasts as part of its In-Country Value program.
The approach confirms ADNOC’s efforts to motivate investors and suppliers to establish manufacturing capabilities in a country The UAE Contribute to the expansion of the existing ones.
ADNOC aims to redirect AED 175 billion ($48 billion) to the UAE economy through its In-Country Value program as part of its business plan for the next five years (2023-2027).
List of companies
The list of companies and products agreed to be manufactured locally included ABB for the manufacture of gas sensing and fire detection systems, Ados for the supply of helical gaskets and o-rings, and AG Drill Tech Group for the manufacture of elbows, casings, valves, flanges, and couplings. NDT.
The list of companies also included: EG Steel Pipes Company for the manufacture of pipes and accessories, Al-Dubawi and Eternity Company for securing batteries, and Bristol Fire Company for providing industrial pumps, gas sensing systems and fire detection.
It also includes the agreement with Emesa Catering Center oil fields Procurement of iron tools and fasteners. Flextalk will manufacture helical gaskets and circular connections. General Petroleum, Bin Jaber and Tiger Valve will provide valves for ADNOC projects.
As for the Girab Group, it will work on manufacturing equipment and tools for cleaning and treating pipes, and Hitech Engineering will provide metal fittings and blades. As for NAFFCO, it will work on manufacturing valves, fire and gas leak detection equipment, seamless pipes and fittings.
Cooperation with Nash Engineering includes the manufacture of pressure valves, PetroGlobe for oil and gas equipment, Precision Metal Industries and Tri-Star Middle East Industries provide iron tools and fasteners, while Press Bolt Middle East manufactures nuts, and Proclad manufactures various pipes and fittings, pressure hoses, valves and couplings.
ADNOC’s agreements include cooperation with Spira Power to manufacture bended and clad pipes, pipe fittings, pressure hoses, valves and fittings, while Tech Hard provides valves, Trace Group batteries, Topix SA manufactures curved and clad pipes, and Wade Moller gas and fire sensor systems.