Ali Ahmed Fouladi, Senior Vice President of Group Procurement Excellence and In-Country Value at ADNOC, revealed the launch of three new factories in the UAE through the support and empowerment of ADNOC and its interest in establishing partnerships that support local manufacturing, with these factories supplying ADNOC’s supply chain with products. It will be manufactured in the UAE.
In his statements on the sidelines of the activities of the second and final day of the “Make in the Emirates” forum, Fouladi confirmed that there are eight companies that have announced their intention to establish industrial facilities within the country, through discussions conducted by “ADNOC” with investors and entrepreneurs to provide means of support, necessary information and guidance. Which enables them to make the decision to proceed with investment, indicating that the interest of these companies in being present within the local market reflects the extent of the attractiveness of the UAE as a leading global investment environment and enhances its position as a promising global industrial destination.
Fouladi said that ADNOC will continue to play its stimulating role in attracting local and international companies and investors to join its supply chain and expressed the hope that this role will contribute to strengthening, diversifying and localizing the activities of the national economy and creating new job opportunities for UAE citizens, in line with the leadership’s vision. Rational towards achieving sustainable development.
Fouladi added that ADNOC achieved its goal of awarding contracts worth 70 billion dirhams for products that can be manufactured locally as part of its procurement plans in 2024 instead of 2027, noting that the company expanded the scope of its program to enhance national content, to achieve its goal of redirecting more than 178 billion dirhams to the economy. local by 2028.
He pointed out that ADNOC’s expanded program to enhance national content will include a program dedicated to accelerating micro, small and medium enterprises to enable Emirati companies to contribute to the growth of the local economy, and will include procurement strategies aimed at encouraging the owners of these local companies to carry out their businesses along the business supply chain. ADNOC.
He stated that the company increased the amount allocated to purchase basic products that can be manufactured locally within its purchasing plans to 90 billion dirhams ($24.5 billion) by 2030.
Fouladi pointed out that this step strengthens ADNOC’s role in enabling local industrial growth, supporting self-reliance and self-sufficiency in the UAE, and attracting new local and international investors in the field of manufacturing, noting that ADNOC supports economic development efforts and progress in the UAE by creating… Opportunities in the areas of industrialization, localization and economic diversification.
Fouladi pointed out that during the Make in the Emirates Forum, two contracts were awarded, the first to purchase metal pipes worth 8.8 billion dirhams ($2.4 billion) from the companies “BM Piping Equipment”, represented by “Siah Steel”, “Ajmal Steel”, and “Al-Gharbia Pipes”. The second is to purchase mechanical valves worth 8 billion dirhams ($2.2 billion) from the Emirati companies “Simamat”, “Camtec Manufacturing”, “Tesco Valve Manufacturing”, “PTBI Middle East”, and “MT Valves”. And industries.”
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