The business partnership majlises were hosted by ADNOC’s Business & Commercial Support Directorate and attended by more than 50 strategic suppliers from ADNOC’s supplier network, including local and international companies. The discussions focused on expanding business opportunities, catalysing the UAE’s socio-economic development, improving the transfer of knowledge within the sector and creating additional skilled employment for UAE nationals.Speaking at ADNOC’s most recent majlis, ADNOC’s business and commercial support director Rashed Saud Al Shamsi said: “Over the course of the last three years, our group procurement function has implemented an innovative group-wide transformation programme to ensure we proactively respond to market dynamics, capture commercial opportunities and optimise our value chain as we deliver against our 2030 strategy. Large and small, local and global – our suppliers have been and always will be central to this effort. The in-depth and constructive dialogue at ADNOC’s business partnership majlises helps to ensure we collectively nurture robust partnerships over the long term.”
“ADNOC will continue to rely on the commitment and innovation of its supplier community to ensure we deliver against our $132.34bn capital expenditure plan and continue to drive real and tangible In-Country Value for our nation – not only over the next five years, but for decades to come. The hiring of more than 1,000 UAE nationals into the private sector – in 2018 alone – is a firm demonstration of our collective commitment to driving In-Country Value,” Al Shamsi continued.During the majlises, a key topic of choice among suppliers was ADNOC’s ICV Programme, in which more than 2,000 suppliers are certified. Attendees celebrated the success and achievements of the ICV Programme, which serves as the primary enabler of ADNOC’s – and suppliers’ – contributions to the UAE’s socio-economic growth and development. In the ICV Programme’s first year (2018), ADNOC enabled the private sector to hire more than 1,000 Emiratis and drive more than $4.9bn back into the UAE economy.
New ICV facts, figures and updates will be disclosed at ADNOC’s fourth Business Partnership Forum, held annually at ADIPEC.For the latest refining and petrochemical industry related videos, subscribe to our YouTube page.