More than 50% of the value of the agreement value will roll back into the UAE economy out of ADNOC’s In-Country Value program and will encourage the growth of the UAE food business
Abu Dhabi National Oil Company (ADNOC) has signed food catering agreements worth over AED 1 billion across the ADNOC Group for its employees and contractors with four Abu Dhabi companies from 2022 to 2027.
As part of ADNOC’s In-Country Value (ICV) program with over 50% of the value from the four contracts flowing back into the UAE economy, it reinforces the group’s commitment to supporting local businesses and the growth and diversity of the UAE’s food industry by encouraging further procurement of local food products, by the four UAE companies.
The contracts were signed at the inaugural Abu Dhabi International Food Exhibition with Royal Catering, Apex National Catering, Sodexo Kelvin, and National Corporation for Tourism & Hotels (NCT&H).
The agreement was signed in the presence of His Excellency Dr. Sultan Ahmed Al Jaber: UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO; Her Excellency Mariam Hareb Almheiri: Minister of Climate Change and Environment; and His Excellency Saeed Al Bahri Al Ameri: Director-General of Abu Dhabi Agriculture and Food Safety Authority (ADAFSA).
His Excellency Dr. Al Jaber said through its onshore and offshore operations, ADNOC and its contractors have considerable needs for high-quality food catering services that address the needs of its large and distinct workforce.
ADNOC is delighted to sign new contracts with four leading local companies, reinforcing its commitment to using domestic suppliers and contractors and ensuring the growth, development, and diversification of local industry, Dr. Al Jaber said.
By working with local companies and fostering the use of additional made-in-the-UAE products, the company will also support the growth of the UAE food industry, a critical enabler of its national food security, he added.
ADNOC employs people from more than 100 different nationalities, in its businesses, which comprises 14 companies operating across the comprehensive energy value chain, of which fifty thousand originate from the UAE and beyond.
Each year it offers over 45 million meals to meet the dietary requirements of its employees and contractors, several employed in remote onshore and offshore sites.
About ADNOC
A leading diversified energy and petrochemicals group owned by the Emirate of Abu Dhabi. ADNOC Group aims to expand the value of the Emirate’s vast hydrocarbon reserves through responsible and sustainable exploration and production to support the United Arab Emirates’ economic growth and diversification. With a production capacity of over 4 million barrels of oil each day and about 11.5 billion cubic feet of natural gas each day, it operates across the entire hydrocarbon value chain. The group has a network of fully incorporated businesses for exploration, production, storage, refining, and trading, including the development of an array of petrochemical products.
Founded in 1971, ADNOC has been responsible for harnessing the UAE’s energy resources by meeting the demands of an ever-changing energy market and eventually transforming the nation.
ADNOC’s work plays a vital role in Abu Dhabi’s international advent. It has enabled people to realize their remarkable potential, helped generate thousands of jobs, led economic growth, and invested in research and education for the future.
With an elaborate outlook for the future, ADNOC continues to look for pioneering techniques to maximize the value of its resources, while applying the latest technology, developing mutually beneficial partnerships, and driving In-Country value. ADNOC is committed to sustaining its positive impact in the communities where it operates and the Abu Dhabi economy.