Report: ADNOC Identifies Local Manufacturing Opportunities Worth AED 60 Billion Across About 200 Products
Key Facts
ADNOC has identified local manufacturing opportunities worth AED 60 billion across about 200 products, according to a report published by Econo Times, citing Gulf News, on October 25, 2026. The figure puts opportunities for UAE suppliers at the heart of the company’s program to strengthen local manufacturing and industrial resilience. The opportunities include products and spare parts linked to the needs of the energy sector and supply chains. They come as ADNOC expands the launch of new projects, opening the door for local factories to compete for supply contracts. But the value of the identified opportunities does not in itself mean contracts of that size have already been awarded.
ADNOC aims to localize more than 150 high-priority industrial products across its value chain, according to a company statement. The list includes drilling equipment, industrial chemicals, valves and OCTG pipes, among other equipment. This range reflects the initiative’s connection to varied operational needs, from well equipment to materials used in processing and transport. On May 3, 2026, the company announced the selection of the first 70 local manufacturers for its Local+ list, saying the list would expand over time. The list provides a framework for manufacturers seeking to meet ADNOC’s needs in specific categories.
The Build-to-Demand initiative gives manufacturers a long-term view of demand, with ADNOC committed to establishing or expanding local production of key industrial products for its projects and operations. The company said the initiative “provides manufacturers with a long-term view of demand and a commitment to establishing or expanding local production.” This approach links manufacturers’ investment decisions to specific operational needs, rather than simply announcing general opportunities. It is part of the Industrial Resilience Program and the Local+ initiative, which ADNOC launched at the Make it with ADNOC forum. This gives potential suppliers a path to identify the products in demand and prepare to compete for them.
The manufacturing opportunities are linked to a broader spending plan for ADNOC projects. In May, the company announced planned project awards worth AED 200 billion, equivalent to $55 billion, over the 2026 to 2028 period. The National described these contracts as the first major tranche of a five-year capital spending plan worth $150 billion, approved by the board in November 2025. The scale of the expected projects puts supplier opportunities in the context of potential demand for equipment, services and industrial products. The value of planned contract awards remains separate from the value of the manufacturing opportunities cited in the report.
The In-Country Value program provides a parallel backdrop to this strategy. According to the 2025 sustainability report, the program has returned more than AED 307 billion to the UAE economy since its launch in 2018. The annual value returned through the program rose from AED 55 billion in 2024 to AED 65 billion in 2025. In May 2025, ADNOC signed framework agreements worth AED 6 billion with 12 UAE-based companies to manufacture cables and pressure vessels. The company said the agreements are expected to create 1,300 private-sector jobs, in an earlier example of linking local industrial spending with production and employment.