The Make it with Adnoc Forum was held at Emirates Palace Hotel in Abu Dhabi on Sunday. All photos: Ryan Lim for The National
Dr Sultan Al Jaber, Minister of Industry and Advanced Technology and managing director and group chief executive of Adnoc, was in attendance
Adnoc announced at the event that it would offer Dh60 billion in local manufacturing opportunities between now and 2030
Adnoc is also simplifying how suppliers compete for contracts, aiming to shorten purchasing cycles by up to 40 per cent, halve documentation requirements and remove pre-qualification for 60 per cent of service categories
From November 1, commercial and ICV offers will be assessed together in a single evaluation weighted 70 per cent towards commercial terms and 30 per cent towards ICV
Contracts below Dh2 million will be exempt from ICV requirements, while those below Dh50 million will no longer face ICV retention obligations
Supplier registration, previously taking weeks, can now be completed within a day