ADNOC's suppliers commit to invest Dh3 billion in manufacturing facilities
22 May 2025 19:31
ABU DHABI (WAM)ADNOC announced on Thursday that its partners across its supply chain commit to invest Dh3 billion ($817 million) in manufacturing facilities across the UAE.The announcement was made at the 'Make it in the Emirates' forum currently underway in Abu Dhabi.The facilities are located across Industrial City of Abu Dhabi (ICAD), Khalifa Economic Zones Abu Dhabi (KEZAD), Dubai Industrial Park, Jebel Ali Free Zone (JAFZA), Sharjah Airport International Free Zone (SAIF Zone) and Umm Al Qaiwain.They will create more than 3,500 highly skilled private sector jobs and manufacture a wide range of industrial products, including pressure vessels, pipe coatings, and fasteners.The facilities have been enabled by commercial agreements ADNOC signed with the companies under its In-Country Value (ICV) programme.The ICV programme is providing a platform for businesses to capitalise on ADNOC's diverse commercial opportunities as it delivers on its plan to locally manufacture Dh90 billion ($24.5 billion) worth of products in its procurement pipeline by 2030.ADNOC Executive Director, People, Commercial and Corporate Support, Yaser Saeed Almazrouei, said, 'We welcome our partners' commitment to advancing local manufacturing through their investments in these state-of-the-art facilities, which will strengthen the UAE's industrial base and create highly skilled private sector jobs. These investments reflect ADNOC's ongoing drive to support the 'Make it in the Emirates' initiative and localise strategic industrial capabilities through our In-Country Value programme. We look forward to working with our partners to ensure business continuity and unlock further opportunities for sustainable growth and economic diversification.'The facilities include newly operational sites, major expansions, and investment commitments. The state-of-the art facilities are aligned with ADNOC's current and future procurement requirements, underscoring its support for the 'Make it in the Emirates' initiative.The announcement builds on the success of ADNOC's ICV programme, which has driven Dh242 billion back into the UAE economy and enabled 17,000 jobs for UAE Nationals in the private sector since 2018.
Manufacturers, small and medium-sized enterprises (SMEs), and entrepreneurs are encouraged to explore the 'Make it with ADNOC' app, which provides businesses with visibility into the products ADNOC plans to purchase, offering a more streamlined and integrated procurement process.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hi Dubai
an hour ago
- Hi Dubai
Emirates to Resume Flights to Damascus from July 16
Emirates will resume flights to Damascus from 16 July 2025, marking a major step in re-establishing air links between the UAE and Syria after more than a decade-long suspension. The airline halted operations to the Syrian capital in 2012, and its return follows a detailed review in coordination with the UAE General Civil Aviation Authority (GCAA). The relaunch begins with three weekly flights—on Mondays, Wednesdays, and Sundays—and will gradually expand to daily service by 26 October. 'We are pleased to restart operations to Damascus and support Syria's road ahead by providing better connectivity and opening new trade lanes,' said H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group. He highlighted the role of the flights in supporting the Syrian diaspora, enhancing economic ties, and aiding the country's development. Emirates will operate the route using a Boeing 777-200LR, offering 302 seats. The service is expected to boost access to the airline's global network of nearly 150 destinations and support efforts to attract foreign investment across Syria's energy, construction, and agriculture sectors. The airline's codeshare agreement with flydubai will also enhance travel options for passengers to and from Damascus. Emirates first launched services to Syria in 1988 and carried over 2.1 million passengers before suspending flights in 2012. The restart underscores growing regional engagement with Syria and the UAE's commitment to strengthening bilateral ties. News Source: Emirates News Agency
Zawya
4 hours ago
- Zawya
ADNOC lowers Murban export forecast for August 2025 to May 2026
SINGAPORE - Abu Dhabi National Oil Co (ADNOC) has lowered its monthly export forecast for Murban crude from August to next May to increase processing at its own refinery, the company said. ADNOC set its August export forecast of the light Murban grade at 1.705 million barrels per day (bpd), according to a company report on Saturday. That is 65,000 bpd lower than the 1.77 million bpd forecast previously. ADNOC also lowered the forecast for September 2025 to May 2026 by 100,000-177,000 bpd while keeping forecast volumes for June and July 2025 unchanged. The reduction is primarily because of feedstock optimisation and increased Murban processing at ADNOC's Ruwais plant, it said in the report. The company had been increasing Murban exports as a result of OPEC+ output increases that pressured crude prices. The OPEC+ producer group comprising the Organization of the Petroleum Exporting Countries and allies such as Russia has agreed to increase production by nearly 1.4 million bpd between April and July.
The National
4 hours ago
- The National
UN roles are an opportunity to guide global conversations
Although we live in a world increasingly defined by shifting alliances and new relationships, the UN is still regarded by most as an indispensable forum for international co-operation. Its reputation is such that for a country or one of its citizens to be chosen for a leadership role remains a major achievement. In the case of the UAE, which was recently elected to the presidency of UN Habitat and saw Emirati Shaikha Nasser Al Nowais chosen as the first female head of the UN World Tourism Organisation, it would be understandable if two such high-profile appointments were regarded as some kind of diplomatic prize. Instead, the country is focusing on the important work at hand and what it can bring to the table. In the case of tourism, the UAE is well placed to guide the global conversation about a consequential sector that the World Travel and Tourism Council says was worth a record-breaking $11.1 trillion last year and employed 348 million people. Having an Emirati businesswoman with more than 16 years' experience in the hospitality sector at the helm of UN Tourism will help to share the UAE's experience at the highest level. That experience – of a country with a history of commercial tourism strategically investing to develop a cosmopolitan sector featuring luxury travel, heritage offerings, international sports events as well as world-class museums and attractions – is one that will enrich the UN body's know-how as it navigates the social and economic challenges posed by unprecedented levels of travel in the 21st century. Know-how is also a defining factor in the UAE's new role at the helm of UN Habitat, the organisation's body devoted to building a better, more sustainable urban future. Again, policy decisions made in the Emirates amid its rapid development journey give the country insights that will inform the global agenda. Major state-led urban planning in growing cities such as Abu Dhabi and Dubai, a focus on renewable energy, such as the Mohammed bin Rashid Al Maktoum Solar Park, and the increasing adoption of greener public transport choices like the Etihad Rail project give the country a substantial policy base from which to work with international partners at the UN level. Post-war and post-disaster reconstruction – another two important aspects of UN Habitat's work – are also areas in which the UAE can contribute, having taken part in numerous emergency aid efforts over the years as well as working on the rebuilding of important post-conflict sites, such as the landmark Al Nuri Mosque in the northern Iraqi city of Mosul. With the right policies, the right principles and the right international relationships, even relatively small countries can play their part as trust international partners Rather than being some kind of diplomatic win, the UAE's newest UN roles follow years of significant engagement with the world body. The Emirates has served two terms on the UN Security Council and played a prominent leadership role with its stewardship of 2023's Cop28 climate summit in Dubai. In addition, the UAE is a strong partner for building bridges through its growing relationship with the Global South and memberships of other international groups, such as the Brics group of nations. By regularly hosting major international conferences and summits, the Emirates also has a bedrock of diplomatic experience that underpins its UN work. What the UN Tourism and Habitat appointments reveal is that with the right policies, the right principles and the right international relationships, a country 52 years young can play their part as trusted international partners, even in an age of uncertainty.
