Latest news with #Dhs200bn
Gulf Business
22-04-2025
- Business
- Gulf Business
ADNOC launches app to turbocharge UAE's local manufacturing drive
Image: Supplied Abu Dhabi National Oil Company ( The first-of-its-kind tool gives manufacturers, SMEs, and entrepreneurs real-time visibility into ADNOC's procurement pipeline — offering what the company calls a 'clear pathway' to long-term manufacturing opportunities within its supply chain. Unveiled on Tuesday at ADNOC's headquarters, the launch event brought together senior officials from the Ministry of Industry and Advanced Technology (MoIAT), Abu Dhabi Department of Economic Development, ADIO, and major private sector players. How ADNOC's new app helps The app aims to de-risk investment decisions and streamline supplier onboarding by making ADNOC's purchasing needs transparent and accessible. It is positioned as a core enabler of ADNOC's In-Country Value (ICV) programme — which has already redirected Dhs242bn ($65.9bn) into the local economy and helped employ 17,000 Emiratis in the private sector since 2018. ADNOC plans to inject an additional Dhs200bn ($54.5bn) over the next five years. ADNOC executive director Yaser Saeed Almazrouei said the app will 'empower businesses to engage directly with ADNOC and unlock mutual value'. Officials praised the initiative as a strategic leap forward for the UAE's Operation 300bn and Falcon Economy vision — two key frameworks aimed at driving industrial self-sufficiency, innovation, and global competitiveness. MoIAT Undersecretary Omar Al Suwaidi said the app deepens the ministry's strategic partnership with ADNOC and gives manufacturers the data needed to make better-informed investment decisions. 'This platform will help identify locally manufacturable products and strengthen national supply chains,' he noted. What's next The app's launch comes ahead of the Make it in the Emirates forum, set for May 19–22 at ADNEC in Abu Dhabi. More than 500 companies are expected to participate, with thousands of new offtake agreements to be announced across 12 strategic sectors. ADNOC's app is part of a broader push by Abu Dhabi to boost industrial GDP, develop homegrown capabilities, and attract strategic investments. Read:
Gulf Business
28-03-2025
- Business
- Gulf Business
Jafza invests Dhs90m to expand logistics park to meet demand
Image: Supplied Jebel Ali Free Zone (Jafza) is boosting its logistics infrastructure with a strategic Dhs90m investment in the second phase of its Logistics Park. The expansion will add 360,000 square feet of Grade-A facilities to the existing infrastructure. This move aligns with the UAE's goal to grow its logistics sector to Dhs200bn annually within the next seven years and reinforces Dubai's position in global trade. Jafza's Logistics Park to several features The second phase will offer world-class infrastructure, including modern offices, customisable units, temperature-controlled warehouses, loading docks, and enhanced power capacity to support various industries. Abdulla Al Hashmi, COO, Parks & Zones, DP World GCC, stated, 'The expansion reflects our commitment to supporting global business competitiveness and attracting foreign investment to Dubai. Phase 1 was fully leased before completion, highlighting strong demand for quality logistics and warehousing, and Phase 2 further enhances our offering with flexible, high-quality solutions.' This expansion brings the total area of With the Middle East and Africa's freight and logistics market projected to reach $235.8 billion by 2031, demand for advanced warehousing is increasing, particularly in Dubai, driven by sectors like manufacturing, logistics, construction, and e-commerce. The expanded park addresses this demand by leveraging Jafza's connectivity with Jebel Ali Port, offering advanced storage and handling solutions including contract logistics, freight forwarding, and freight management for diverse goods. It also provides value-added services such as packaging, labelling, and quality control, along with real-time inventory tracking, and facilitates re-exports, domestic fulfillment, and import-export consolidation. The park incorporates sustainable design elements, including precast concrete and off-site construction to minimise environmental impact, and skylights to reduce energy consumption. A key contributor to Dubai's economy Jafza currently hosts 10,890 Phase 1, completed in November 2023, spans 562,507 square feet and features Grade-A dry and pharma storage units, temperature-controlled warehouses, and office spaces.
