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 nation.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) programme.Dr. 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 business.Over 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 2030.To 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 opportunities.Launched 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 date.From 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.
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