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Abu Dhabi National Oil Company (Adnoc) has signed new deals with over 60 firms to locally manufacture non-oil products in its supply chain. This brings it closer to its target to locally make products worth AED70 billion ($19 billion) in its procurement
ABU DHABI, 31st May, 2023 (WAM) -- ADNOC announced today at the Make it in the Emirates Forum in Abu Dhabi, new agreements with more than 60 UAE-based and international companies to locally manufacture critical non-oil products in its supply chain.The new agreements bring ADNOC closer to its target to locally manufacture AED70 billion ($19 billion) worth of products in its procurement pipeline which was announced at the last Make it in the Emirates forum in June 2022. In addition, the agreements have enabled AED2.84...
The new agreements bring ADNOC closer to its target to locally manufacture $19 billion worth of products in its procurement pipeline which was announced at the last Make it in the Emirates forum in June 2022
ADNOC announced today at the Make it in the Emirates Forum in Abu Dhabi, new agreements with more than 60 UAE-based and international companies to locally manufacture critical non-oil products in its supply chain.The new agreements bring ADNOC closer to its target to locally manufacture AED70 billio ..
The agreements have enabled $774 million to flow back into the UAE economy through industrial investments by suppliers in expanding or establishing new facilities.