ADNOC Empowers 400 Local Businesses with Dh65.7B Contracts

Last month, the company launched an app called “Make it with ADNOC”. It aims to increase local manufacturing and support the UAE’s industrial growth.

The Abu Dhabi National Oil Company (ADNOC) empowers small and medium enterprises (SMEs) as the oil company gives Dh65.7 billion ($17.9 billion) worth of contracts in the first half of the year, benefiting nearly 400 local suppliers, contractors, and service providers.

It was part of ADNOC’s strategic effort to increase socioeconomic growth, support national enterprises, and generate long-term value for the United Arab Emirates through its In-Country Value (ICV) initiative.

The program aims to benefit from the country’s resources by encouraging local sourcing, industrialization, and job creation.

The report by state news agency Wam states that they offered contracts in critical industries, including drilling, logistics, operational support services, engineering, procurement, and construction (EPC).

The companies that got the offer are NMDC Energy, Target Engineering, Al Dhafra Co-operative Society, Arab Development Establishment, Excel Astra Engineering, and Robt. Stone, Gisco, and Euro Mechanical & Electrical Contracting.

According to a report by consultancy Brand Finance, ADNOC is the most valuable brand in the United Arab Emirates, with a valuation of $18.9 billion. After Saudi Aramco, the company grew by 25% annually, making it the second most valuable brand in the Middle East.

Last month, the company launched an app called “Make it with ADNOC”. It aims to increase local manufacturing and support the UAE’s industrial growth.

The app provides manufacturers, SMEs, and entrepreneurs with real-time insights into ADNOC’s procurement strategies to support the’ Make it in the Emirates’ campaign. It aims to improve procurement transparency, facilitate investment decision-making, and expedite commercial interactions with ADNOC.

The app made its debut at the company headquarters. It was attended by significant players in the industry, including Executive Director Yaser Saeed Almazrouei, who highlighted the app’s role in giving companies real-time insight about the company’s requirements.

Omar Al Suwaidi of the Ministry of Industry and Advanced Technology emphasized its significance for the country’s industrial sector.

The launch prepared the audience for the Make it in the Emirates summit, which will take place in Abu Dhabi. Over the next five years, ADNOC’s ICV program, which has already created many jobs and contributed positively to the economy, intends to contribute AED 200 billion to the UAE economy. The company aims to produce Dh90 billion worth of goods locally by 2030 through its procurement pipeline.

The event is now in its fourth year, hosted by the Ministry of Industry and Advanced Technology which will take place from May 19–22 with the theme “Advanced Industries. Accelerated,” with an emphasis on AI and Industry 5.0.

Saleh Al Hashmi, ADNOC’s director for Commercial and In-Country Value Directorate, stated that contracts to local suppliers will satisfy the ICV program goals by creating industrial and economic growth in the United Arab Emirates (UAE). The contracts will increase productivity, competitiveness, and use high-skilled workers for private sector jobs.

It uses data analytics, automation, robots, and high-tech tools to improve its manufacturing capabilities.

Barclays analysts Lydia Rainforth, Ramachandra Kamath, and Mick Pickup stated that the five businesses: Adnoc Distribution, Adnoc Drilling, Adnoc Gas, Adnoc Logistics & Services, and Fertiglobe, are assets that are prepared to scale with quick adoption of artificial intelligence and technology.

According to a study by the emirate’s Department of Economic Development, the manufacturing sector was the biggest (non-oil) contributor to Abu Dhabi’s gross domestic product (GDP), accounting for 9.5% in 2024. Its added value reached Dh111.6 billion, the highest amount ever recorded. In 2024, the industry had an annual growth rate of 2.7%.