ADNOC ICV Certification Services in UAE has signed agreements with 25 companies that could be worth Dh35 billion to encourage local production of essential products to aid in the process of diversification of UAE’s manufacturing and industrial infrastructure.
ADNOC ICV Certification Services in UAE agreements define the companies’ plans to develop 21 items in the UAE to support implementing Adnoc’s 2030 strategic plan and establish its status as the world’s top low-cost, less carbon-intensive energy producer.
The products that can be made in the UAE include:
- Pressure vessels.
- Pipeline inspection gauges.
- Compressors, special valves, industrial pumps.
- Switchgear.
Variable-speed drives and gas and flame detectors
This agreement could also be a source of investment in reverse engineering, machining and testing equipment that is non-destructive.
It was reveal during Adnoc’s sixth annually held Business Partnership Forum, held during the Abu Dhabi International Petroleum Exhibition and Conference (Adipec), during which Omar Ahmed Suwaina Al Suwaidi who is the undersecretary for the Ministry of Industry and Advanced Technology spoke about the UAE’s “Make It In the Emirates program is an integral component of the UAE’s strategy to increase the contribution of the industrial sector the GDP of the UAE up to Dh300 billion in 2031.
Al Suwaidi declared that the UAE is becoming a top technological and industrial hub.
This international reputation is back by our industrial policy, ‘Operation300 billion’. A cornerstone of the comprehensive strategy’s plan is the “Make it happen in the Emirates campaign, which is focus on 11 key sectors that will help to grow the nation’s industries and draw investment. However, it’s not only about becoming a member of the UAE on its industrial transformation and growth journey. It’s also about taking advantage and profiting from our distinctive value proposition.
They can also profit from our geographically strategic position and world-class logistics infrastructure, access to major global markets, and foreign ownership laws. One of the most significant advantages to competing with “Make it within the Emirate’s’ plan is the implementation of advanced technology into the local manufacturing sector.”
Technology and Corporate Services for the ADNOC
Abdul munim Saif Al Kindy, executive director of People, Technology and Corporate Services for the Adnoc Group, said ADNOC ICV Certification Services in Dubai and Abu Dhabi has a bright plan to grow and prosper in a low-carbon future and help us grow and prosper ensure the economic prosperity of the country in the coming years to come.
Adnoc advised entrepreneurs to capitalize on commercial opportunities at the Business Partners Forum. It also strengthened its commitment to working with suppliers and investors, both international and local as it expands its operations to meet the increasing global energy demands.
Collaborate with suppliers and investors
Dr Saleh Al Hashimi, Adnoc Director of Commercial and In-Country Value Dr Saleh Al Hashimi, director of Adnoc Commercial & In-Country “We are prepared to collaborate with suppliers and investors in order to assist them in setting up or expanding manufacturing facilities in the UAE and invite local and international business partners to be aware of the opportunities that this could bring. We are looking forward to working together with our partners to help in the expansion and diversification of the UAE economy.”
More than 1,000 participants took part in more than 1,000 people at the Business Partnership Forum, where Adnoc presented its ambitious growth plans and ongoing support to build the capacity and capabilities of its supply chain. ADNOC ICV Certification Services in Dubai and Abu Dhabi programme is essential to the plans and has helped to bring Dh132.5 billion ($36.1 billion) back to the economy of the UAE since its inception in 2018.
KEY TAKEAWAYS
The agreements with international and local firms aim to facilitate the local production of essential items for the energy sector in the United Arab Emirates.
A wide range of products will be produce in the UAE including pressure vessels, pipeline inspection gauges, compressors and specialist valves, industrial pumps, and gas and flame detectors.
Investments will boost the local economy and industry by creating jobs in the private sector for UAE Nationals “Make It In The Emirates’ program is a major component of UAE’s strategy to increase its contribution to GDP from the industries to Dh300 billion by 2031.
Read more: ADNOC ICV Certification Services in Dubai and Abu Dhabi
