Adnoc offers $16.3bn in manufacturing opportunities to UAE suppliers

Adnoc, the Abu Dhabi National Oil Company, has announced $16.3 billion in local manufacturing opportunities for UAE suppliers through 2030. The state energy giant is overhauling procurement to cut supplier onboarding time by up to 80%, aiming to replace imports with local production to shorten delivery times and reduce exposure to global supply disruptions.

Dr Sultan Al Jaber, Adnoc's managing director and group chief executive, emphasized the importance of domestic manufacturing, while Omar Alnuaimi, Adnoc’s group chief for commercial and in-country value, highlighted the impact on the local industrial supply chain. Adnoc has already achieved Dh80 billion of its Dh90 billion local manufacturing target for 2030, supporting the localisation of more than 130 products and the establishment or expansion of 95 factories.

Brief written by urgent.news from The National Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.