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HomeOil and GasAdnoc Contract Awards Boost Local Economy

Adnoc Contract Awards Boost Local Economy

Adnoc contract awards are worth Dh65.7 billion in just the first half of 2025. Nearly 400 local suppliers, contractors, and service providers received these deals. This move supports national economic goals and long-term development.

Initially, the Adnoc contract spanned several major sectors. These include drilling, logistics, operational support services, and engineering, procurement, and construction (EPC). Each of these areas plays a vital role in energy production and national infrastructure.

Moreover, Adnoc contract awards is pushing forward its In-Country Value (ICV) programme. Through this, the company gives priority to UAE-based businesses. This decision ensures more spending remains inside the country and strengthens local supply chains.

More importantly, the approach also helps small and medium-sized enterprises (SMEs). These businesses benefit from new opportunities, higher revenues, and expanded market access. As a result, the entire private sector gains momentum.

So far, Adnoc contract awards have empowered hundreds of businesses. Many of them now operate with greater capacity and improved efficiency. These contracts enable firms to hire more workers and expand their operations.

Furthermore, Adnoc contract awards local-first strategy that is part of a broader vision. The company aims to maximize the economic return of every dirham it spends. This goal aligns with the national strategy to boost private-sector participation.

Importantly, the company’s massive investment also increases demand for local goods and services. Therefore, new job opportunities appear across different industries. From construction to support services, the impact spreads widely.

For instance, in the EPC sector, many firms are now taking on larger and more complex projects. Likewise, logistics providers are scaling their operations to meet Adnoc’s rising needs.

As the year progresses, Adnoc contract awards more businesses expect further gains. Adnoc’s focus on local capacity building gives companies confidence to invest in growth and training.

Additionally, the ICV programme ensures that benefits reach communities across the UAE. Adnoc continues to work with government partners to keep the momentum going.

Overall, the Adnoc contract awards are a clear signal of commitment to local development. They drive not only corporate success but also nati