Abu Dhabi‘s state-owned energy giant ADNOC has signed new deals worth $4.63 billion with 23 companies to manufacture locally a wide range of critical industrial products.
The products that will be produced locally include pipes and fittings, valves, bends and cladded pipes, industrial pumps, batteries, pipes and fittings, among many others.
Proclad, Tri Star Middle East, Petro Globe Oil & Gas Equipment are some of the companies that secured the agreements.
The previous and latest deals were signed with UAE and international companies as part of a strategy to encourage the private sector to capitalise on the commercial opportunities for domestic manufacturing across ADNOC’s “In-Country Value (ICV) program.
