In a launch despatched to Rigzone not too long ago, ADNOC acknowledged that it’s “accelerating progress and supply of its technique” with AED 200 billion ($55 billion) in new challenge awards for 2026-2028.
The corporate stated within the launch that the deliberate challenge awards reinforce supply of ADNOC’s five-year capital expenditure plan accepted by its board of administrators final 12 months “and can usher in a brand new section of world-scale challenge execution throughout its worth chain to satisfy rising world vitality demand”.
ADNOC highlighted in its launch that its announcement of latest challenge awards was made on the ‘Make it With ADNOC’ Discussion board, which it stated linked high engineering, procurement and building contractors with 70 native producers included in ADNOC’s ‘Native+’ record after assembly its technical and qualification requirements to assist the corporate’s challenge necessities.
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“The ‘Native+’ initiative beneath ADNOC’s In-Nation Worth (ICV) program is geared toward guaranteeing that Made within the Emirates merchandise are first-choice throughout ADNOC’s challenge supply, supporting the expansion of native producers,” ADNOC famous within the launch.
ADNOC highlighted that the deliberate challenge awards span its upstream and downstream operations “and usher in a brand new section of challenge supply that can supercharge UAE’s manufacturing capability, strengthen industrial resilience, deepen the influence of the corporate’s In-Nation Worth program and advance the ‘Make it within the Emirates’ initiative”.
Within the launch, Ahmed Al Jaber, UAE Minister of Business and Superior Expertise and ADNOC Managing Director and Group CEO, stated, “in keeping with the directives of the UAE management to advance the UAE’s vitality and industrial sectors, ADNOC is coming into a defining execution section in its technique, pushed by scale, tempo and a laser-focus on supply”.
“This marks a brand new chapter of progress and resilience to satisfy rising world vitality demand whereas strengthening and increasing the UAE’s industrial and manufacturing base,” he added.
“As we ship on this section of progress, we’re bringing collectively main EPC contractors with 70 high UAE producers to boost accountability, maximize in nation worth and guarantee Made within the Emirates merchandise are first-choice throughout our initiatives, and are on the core of how we procure, construct and execute,” he continued.
“We invite companions who can transfer on the tempo of the UAE’s ambitions, match flawless execution with rock-steady reliability and exhibit an unwavering give attention to native worth creation to affix us on this new chapter of our journey,” he went on to state.
In one other assertion despatched to Rigzone on Monday, ADNOC introduced that it had launched an “Industrial Resilience Program” initially of the fifth version of the Make it within the Emirates discussion board, “introducing 5 initiatives that can strengthen UAE provide chains, speed up native manufacturing, reinforce enterprise continuity capabilities and develop sustainable industrial capability throughout strategic sectors”.
These initiatives embrace the ‘Native+’ initiative, ADNOC highlighted, noting that this prioritizes Made within the Emirates merchandise “as first-choice throughout ADNOC’s challenge pipeline and awards of AED200 billion for 2026-2028”.
“The Industrial Resilience Program builds on ADNOC’s vastly profitable In-Nation Worth (ICV) program and encourages ADNOC’s contractors to prioritize native sourcing for high-priority merchandise that may be domestically produced to serve a number of sectors,” ADNOC stated on this launch.
“This system will future-proof ADNOC’s worth chain and mitigate the corporate’s publicity to world provide chain disruptions. It is going to additionally place Made within the Emirates merchandise as the primary selection for ADNOC’s initiatives, supporting the expansion of native producers and the UAE’s industrial base,” it added.
Omar Abdulla Alnuaimi, ADNOC’s Performing Group Chief, Industrial and ICV, stated on this launch, “in keeping with the UAE management’s directives to strengthen industrial resilience and speed up native manufacturing, ADNOC is delighted to launch its Industrial Resilience Program, constructing on the success of its In-Nation Worth program in driving financial and industrial progress”.
“We’re introducing a set of strategic initiatives to increase manufacturing capability and supply long-term demand visibility to business companions, and guarantee Made within the Emirates merchandise are first-choice throughout all ADNOC initiatives,” Alnuaimi added.
“We sit up for working with our native and worldwide companions to maximise the advantages of this program and advance the UAE’s industrial base,” Alnuaimi continued.
ADNOC highlighted in its launch that it’s persevering with to progress its goal to domestically manufacture $24.5 billion (AED 90 billion) price of merchandise by 2030.
“These embrace greater than 150 high-priority industrial merchandise throughout its worth chain, together with drilling tools, course of chemical compounds, valves, oil nation tubular items (OCTG), and different tools,” ADNOC identified.
In one other launch despatched to Rigzone this week, TA’ZIZ, a three way partnership between ADNOC and ADQ, which ADNOC describes as a essential enabler of the UAE’s industrial growth and financial diversification ambitions, highlighted that it introduced agreements valued at $28.5 billion on the Make it within the Emirates discussion board “to increase [the] UAE’s chemical compounds ecosystem”.
“TA’ZIZ … introduced on the Make it within the Emirates discussion board the signing of long-term agreements spanning offtake, feedstock and gross sales throughout its chemical compounds portfolio, together with methanol, polyvinyl chloride (PVC), ethylene dichloride (EDC), vinyl chloride monomer (VCM), caustic soda, salt and pure fuel valued at $28.5 billion (AED104.6 billion),” TA’ZIZ stated within the launch.
“Starting from 5 to 25 years, the agreements safe each world offtake and dependable native feedstocks, anchoring large-scale chemical manufacturing throughout the UAE and reinforcing TA’ZIZ’s function in constructing a completely built-in home chemical compounds ecosystem,” it added.
“The offers embrace sale agreements with ADNOC and Proman for methanol; Emirates World Aluminium (EGA) for caustic soda; Mitsubishi Company for EDC, VCM and caustic soda; Mitsui & Co. for EDC and caustic soda; Sanmar Group for EDC and VCM; Tricon for PVC, EDC and caustic soda; and Vinmar for EDC and PVC,” it continued.
Mashal Saoud Al-Kindi, CEO of TA’ZIZ, stated on this launch, “these lengthy‑time period agreements characterize a defining milestone for TA’ZIZ and for the UAE’s industrial progress ambitions”.
“By securing each world demand and dependable native feedstock, we’re translating imaginative and prescient into supply, anchoring world‑scale chemical compounds manufacturing, strengthening home worth chains and creating enduring financial worth, jobs and provide‑chain resilience for the UAE,” Al-Kindi added.
To contact the writer, e mail andreas.exarheas@rigzone.com
