Abu Dhabi National Oil Co. (ADNOC) is offering more than AED60 billion ($16.3 billion) of local manufacturing opportunities through 2030, covering more than 200 products and a range of critical spare parts.
Omar Abdulla Alnuaimi, ADNOC’s group chief for commercial and in-country value, announced the package on Sunday at the second Make it with ADNOC Forum in Abu Dhabi, The National and Gulf News reported. The forum was held ahead of the ADIPEC energy conference.
The products span drilling equipment, electrical and automation systems, chemicals, catalysts, piping and heavy machinery. Items targeted for local production include electrical submersible pumps, oil country tubular goods, seamless pipes and compressors.
ADNOC has already reached AED80 billion of its AED90 billion local manufacturing target for 2030, Alnuaimi said. That has supported the localization of more than 130 products and the setup or expansion of 95 factories.
“We are inviting companies to build capabilities in the UAE that will serve our industry and country for years to come,” said Sultan Al Jaber, ADNOC’s managing director and group CEO and UAE Minister of Industry and Advanced Technology.
ADNOC is also changing how suppliers compete for its contracts. It aims to cut supplier onboarding time by as much as 80% and purchasing cycles by up to 40%, halve documentation requirements and remove prequalification for 60% of service categories.
From November 1, commercial and in-country value offers will be assessed together in a single evaluation weighted 70% to commercial terms and 30% to in-country value. The change replaces ADNOC’s previous bid-matching approach.
Contracts below AED2 million will be exempt from in-country value requirements, and contracts below AED50 million will no longer carry in-country value retention obligations, said Salama Alawadhi, ADNOC’s senior vice president for group commercial, in-country value and industrial development.
Alnuaimi said ADNOC is backing the demand together with the Ministry of Industry and Advanced Technology, Emirates Development Bank and the Abu Dhabi Investment Office, according to Gulf News.
 in local manufacturing opportunities through 2030 and new procurement rules that weigh in-country value at 30%.){kind=link}