Latest news with #In-Country
Al Etihad
18-05-2025
- Business
- Al Etihad
400 UAE companies benefit from Dh65.7 billion contract awards as ADNOC boosts local economic growth
18 May 2025 17:55 ABU DHABI (WAM)Nearly 400 local suppliers, contractors and service providers have received contract awards from ADNOC valued at Dh65.7 billion in the first half of 2025 as the company deploys its purchasing power to boost socioeconomic growth, empower businesses and generate long-term value for the contracts span critical sectors such as drilling, logistics, operational support services, and engineering, procurement and construction (EPC). The contracts demonstrate how ADNOC is prioritising local businesses in its procurement to stimulate private-sector growth and strengthen the resilience of national supply chains through its hugely successful In-Country Value (ICV) Saleh Al Hashmi, ADNOC Director, Commercial & In-Country Value Directorate, said, 'The award of commercial contracts valued at Dh65.7 billion to a wide range of local suppliers emphasises the extent to which ADNOC's In-Country Value programme continues to propel economic and industrial growth for the UAE."Our contract awards create a ripple effect across the economy, helping us to drive productivity, competitiveness and highly-skilled private sector jobs for local talent. We encourage all our partners and stakeholders to collaborate with us and contribute to the UAE's industrial growth journey.'Among the key beneficiaries of the awards include NMDC Energy, Target Engineering, Al Dhafra Co-operative Society, Arab Development Establishment, Excel Astra Engineering, Robt. Stone, GISCO, and Euro Mechanical & Electrical Contracting. The contract awards reflect ADNOC's commitment to engaging capable national suppliers that can deliver value across its the next five years, ADNOC plans to channel an additional Dh200 billion ($54.5 billion) into the UAE economy through its ICV program. The company is also aiming to locally manufacture Dh90 billion ($24.5 billion) worth of products in its procurement pipeline by broaden access to its commercial opportunities, ADNOC recently launched the Make it with ADNOC mobile app which provides visibility into the company's purchasing needs. The app enables suppliers, SMEs and entrepreneurs to gain a clear pathway to capitalise on its long-term commercial in 2018, ADNOC's ICV programme continues to drive economic and industrial growth for the UAE and create private-sector jobs for Emiratis, with over 17,000 jobs created to established suppliers to emerging entrepreneurs, ADNOC invites all local businesses to capitalise on its procurement pipeline and contribute to the nation's long term prosperity. To learn more about ADNOC's commercial opportunities, visit the company's stand at the Make it in the Emirates Forum, which is taking place from May 19-22 at ADNEC in Abu Dhabi.
Observer
27-02-2025
- Business
- Observer
Transforming the oil and gas industry through cutting-edge technologies
Muscat: To enhance efficiency, safety, and sustainability, the oil and gas industry sector is embracing a range of cutting-edge technologies while contributing to Oman's In-Country Value (ICV) goals. Cutting-edge technologies help to extract, refine, and distribute oil and gas resources while the ICV program in Oman aims to develop the skills of country's workforce and increasing in-country spending on local goods and services. For this, SERVILINK, a renowned group of companies established in India and a platinum partner of Rockwell Automation has entered a strategic partnership with Heyad LLC, an associate partner of Majees Technical Services LLC in the Sultanate of Oman. Jagdish Shukla, Director, SERVILINK Systems and Manager, SGH Energy Systems, said SGH Energy Systems is aimed at delivering cutting-edge solutions while contributing to Oman's In-Country Value (ICV) goals. Mohammed Al Shaidi, Manager of Heyad LLC and SGH Energy Systems LLC, said that this partnership aligns with Oman Vision 2040 by focusing on fostering economic diversification and driving technological advancements within the Sultanate. 'By leveraging SERVILINK's expertise and Heyad LLC's local market presence, the collaboration seeks to provide innovative and high-quality automation solutions that cater to Oman's industry,' he said at the press conference on Tuesday SGH Energy Systems is participating in the Oman Digitalization and Digital Transformation, Industrial Communication Systems, and Instrumentation Control and Automation Forum (DMS Event) which is being held on February 25 and 26 in Muscat, alongside Majees Technical Services. SGH Energy Systems specializes in a wide range of solutions, including industrial automation (DCS, PLC & RTU Panels), purge panels and wellhead control panels (WHCP), SIL-2 and SIL-3 emergency shutdown (ESD) systems, legacy system migration, industrial battery chargers, DCDB, and DCSP, substation SCADA, electrical panels (IEC61439 Type Tested MCC Panel, IMCC, MCC, APFC, VFD, and PDB), detail engineering and skillset upgradation, OT cybersecurity, industry 4.0, and AI-Based Vision Analytics. SGH Energy System's vision is to add value to Oman's industrial automation capabilities, fostering local talent, and ensuring alignment with Oman's aspirations for sustainable industrial growth and technological progress.
Times of Oman
19-02-2025
- Business
- Times of Oman
Unlocking potential through In-Country Value goals
Muscat: SERVILINK, a renowned group of companies established in India and a platinum partner of Rockwell Automation has entered a strategic partnership with Heyad LLC, an associate partner of Majees Technical Services LLC in the Sultanate of Oman. SGH Energy Systems LLC is aimed at delivering cutting-edge solutions while contributing to Oman's In-Country Value (ICV) goals. This partnership aligns with Oman Vision 2040 by focusing on fostering economic diversification and driving technological advancements within the Sultanate. By leveraging SERVILINK's expertise and Heyad LLC's local market presence, the collaboration seeks to provide innovative and high-quality automation solutions that cater to Oman's industry. SGH Energy Systems will also be participating in the Oman Digitalization and Digital Transformation, Industrial Communication Systems, and Instrumentation Control and Automation Forum (DMS Event) held on 25th and 26th February 2025 in Muscat, alongside Majees Technical Services LLC.
