Adnoc is aware of products with a $19 billion potential for local manufacture

The Abu Dhabi National Oil Company (Adnoc) declared on Tuesday that it had identified products in its pipeline for purchases worth Dhs70 billion ($19 billion) that could be produced locally.

Adnoc negotiated contracts for local manufacturing opportunities of Dhs21 billion ($5.7 billion) with UAE and foreign businesses out of this sum.

The companies will establish and grow manufacturing facilities in the UAE as a result of t....