ADNOC announces that, nearly 400 local suppliers, contractors and service providers have received contract awards from ADNOC valued at AED65.7 billion (USD 17.8 billion) in the first half of 2025 as the company deploys its purchasing power to boost socioeconomic growth, empower businesses and generate long-term value for the nation.
The contracts span critical sectors such as drilling, logistics, operational support services, and engineering, procurement and construction (EPC). The contracts demonstrate how ADNOC is prioritising local businesses in its procurement to stimulate private-sector growth and strengthen the resilience of national supply chains through its hugely successful In-Country Value (ICV) programme.
Among the key beneficiaries of the awards include NMDC Energy, Target Engineering, Al Dhafra Co-operative Society, Arab Development Establishment, Excel Astra Engineering, Robt. Stone, GISCO, and Euro Mechanical & Electrical Contracting. The contract awards reflect ADNOC’s commitment to engaging capable national suppliers that can deliver value across its business.
Dr. Saleh Al Hashmi, ADNOC Director, Commercial & In-Country Value Directorate, said, “The award of commercial contracts valued at AED65.7 billion to a wide range of local suppliers emphasises the extent to which ADNOC’s In-Country Value programme continues to propel economic and industrial growth for the UAE. Our contract awards create a ripple effect across the economy, helping us to drive productivity, competitiveness and highly-skilled private sector jobs for local talent. We encourage all our partners and stakeholders to collaborate with us and contribute to the UAE’s industrial growth journey.”
Over the next five years, ADNOC plans to channel an additional AED200 billion ($54.5 billion) into the UAE economy through its ICV program. The company is also aiming to locally manufacture AED90 billion ($24.5 billion) worth of products in its procurement pipeline by 2030.
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