Browsing: local manufacturing

The new target opens significant opportunities for local and international businesses to engage with ADNOC’s procurement pipeline, fostering investment in the UAE’s manufacturing and industrial sectors while creating jobs for Emiratis.

Abu Dhabi Investment Office (ADIO) has signed multiple agreements to explore manufacturing opportunities in line with the emirate’s focus on sustainable growth and economic diversification. The agreements were formalised during the Procurement Forum at the first Abu Dhabi Business Week, held from 4-6 December. The forum highlighted the role of the private sector in shaping public sector procurement and driving economic transformation.

President Sheikh Mohamed bin Zayed Al Nahyan chaired ADNOC’s annual board meeting at its headquarters, where he approved the launch of XRG, a company focused on lower-carbon energy and chemicals. XRG aims to accelerate ADNOC’s global expansion and meet the rising demand for natural gas, chemicals, and low-carbon energy sources.

ADNOC has established eight new UAE-based and international industrial centres within a year through its In-Country Value (ICV) programme. These centres have generated over AED 700M in value and created 800 jobs for UAE citizens.