ADNOC inks deals worth $4.63bn to grow UAE’s manufacturing sector ...United Arab Emirates

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ADNOC inks deals worth $4.63bn to grow UAE’s manufacturing sector
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 25
Deals worth US $4.63bn have been signed by Abu Dhabi National Oil Company (ADNOC) with 23 UAE and international companies. The deals aim to boost local manufacturing opportunities across a wide range of critical industrial products. The agreements outline the intention of companies to manufacture industrial products in the UAE, supporting the ‘Make it in the Emirates’ initiative and the ‘Abu Dhabi Industrial Strategy’. The products are said to be part of the $19bn worth of products in ADNOC’s procurement pipeline that the company identified for domestic manufacturing in July 2022. ADNOC said that it is continuing to encourage the private sector to capitalise on the commercial opportunities f

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