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UAE’s ADNOC identifies $19 bln in products with local manufacturing potential

Abu Dhabi National Oil company (ADNOC) said on Tuesday it had identified 70 billion dirhams ($19 billion) worth of products in its procurement pipeline that could be manufactured locally.

Of the total, ADNOC signed agreements for local manufacturing opportunities worth 21 billion dirhams ($5.7 billion) with UAE and international companies at the Make it in the Emirates Forum taking place in Abu Dhabi.
Source: Reuters (Reporting by Maha El Dahan and Nadine Awadalla; editing by Jason Neely)

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