ADNOC unveils Dh60 billion in new local manufacturing opportunities

Abu Dhabi's ADNOC has unveiled a Dh60 billion investment plan to boost local manufacturing, according to Omar Abdulla Alnuaimi, Group Chief of ADNOC's Commercial & In-Country Value Executive Function. At the second Make It with ADNOC Forum in Abu Dhabi, Alnuaimi revealed the package includes 200 new products and critical spare parts.

The company has been diligently working on these opportunities for months, with the plan reflecting its growth ambitions and investment strategies. Alnuaimi outlined the scope of the products, which span drilling, operations, projects, and maintenance. In drilling, for instance, ADNOC has localized wellheads and drilling fluids, while in projects, it is interested in localizing rotary equipment such as compressors and pumps.

Local operations and maintenance needs include electrical components, spare parts, catalysts, and chemicals. Alnuaimi highlighted that some opportunities are suitable for both small and large enterprises, and he described them as "opportunities, partnerships, industries, and a whole value chain."

To facilitate the implementation of these projects, Alnuaimi emphasized ADNOC's commitment to transparency in tendering plans, with timelines and categories made public. He also thanked strategic partners, including the Ministry of Industry and Advanced Technology, Emirates Development Bank, and Abu Dhabi Investment Office, for their support in enabling investors, entrepreneurs, and suppliers to capitalize on these opportunities.

Since its inception in 2018, ADNOC's In-Country Value Program has achieved 80 billion dirhams in local manufacturing, creating 130 new manufacturing facilities and generating 27,500 jobs for Emiratis in the private sector.