ADNOC signed contracts today worth over $272 million (AED 1 billion) with four Abu Dhabi companies to provide food catering services to all ADNOC Group companies for the next five years.
The contracts were signed on the sidelines of the inaugural Abu Dhabi International Food Exhibition.
More than 50% of the value from the four contracts will flow back into the UAE economy, as part of ADNOC’s In-Country Value (ICV) programme.
Dr. Al Jaber, managing director and group CEO of ADNOC said, “Across our onshore and offshore operations, ADNOC and its contractors have significant requirements for high quality food catering services that address the needs of our large and diverse workforce. We are delighted to sign new agreements with four leading local companies, reinforcing our commitment to use domestic suppliers and contractors and ensuring the growth, development, and diversification of local industry.”
