Sheikh Khaled bin Mohamed, member of Abu Dhabi Executive Council and chairman of Abu Dhabi Executive Office, chaired the meeting of the executive committee of Abu Dhabi National Oil Company's board of directors on Wednesday in Abu Dhabi.
He commended Adnoc's efforts to support In-Country Value (ICV) by creating new, local manufacturing opportunities, Abu Dhabi Media Office said in a statement.
Adnoc announced last month that it had identified Dh70 billion ($19bn) worth of products in its procurement pipeline with local manufacturing potential and has signed agreements for these manufacturing opportunities worth Dh21bn.
The deals with UAE and international companies will allow them to set up and expand manufacturing facilities in the country, as well as jointly explore with Adnoc the potential for new investments in local manufacturing.
Sheikh Khaled also endorsed plans to continue expanding Adnoc's investor base to attract foreign direct investment to the UAE.
Since 2016, Adnoc has welcomed some of the world’s most notable investors in a series of landmark transactions that delivered more than $64.5bn in FDI, the statement said.
Sheikh Khaled also gave directives to Adnoc to create and expand on strategic partnerships to capitalise on opportunities in the evolving energy landscape, according to the statement.
In May, Adnoc signed an agreement with BP and clean energy company Masdar to develop clean hydrogen and technology centres in the UK, tapping opportunities offered by the energy transition.
The meeting was also attended by Dr Sultan Al Jaber, Minister of Industry and Advanced Technology and Adnoc's managing director and group chief executive; Suhail Al Mazrouei, Minister of Energy and Infrastructure; Ahmed Al Sayegh, Minister of State; and Khaldoon Al Mubarak, managing director and group chief executive of Mubadala Investment Company.
The specs
Engine: 2.0-litre 4-cyl, 48V hybrid
Transmission: eight-speed automatic
Power: 325bhp
Torque: 450Nm
Price: Dh359,000
On sale: now
Race card:
6.30pm: Baniyas (PA) Group 2 Dh195,000 1,400m.
7.05pm: Maiden (TB) Dh165,000 1,400m.
7.40pm: Handicap (TB) Dh190,000 1,200m.
8.15pm: Maiden (TB) Dh165,000 1,200m.
8.50pm: Rated Conditions (TB) Dh240,000 1,600m.
9.20pm: Handicap (TB) Dh165,000 1,400m.
10pm: Handicap (TB) Dh175,000 2,000m.
The specs: Lamborghini Aventador SVJ
Price, base: Dh1,731,672
Engine: 6.5-litre V12
Gearbox: Seven-speed automatic
Power: 770hp @ 8,500rpm
Torque: 720Nm @ 6,750rpm
Fuel economy: 19.6L / 100km
Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
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UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
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Company profile
Company name: Dharma
Date started: 2018
Founders: Charaf El Mansouri, Nisma Benani, Leah Howe
Based: Abu Dhabi
Sector: TravelTech
Funding stage: Pre-series A
Investors: Convivialite Ventures, BY Partners, Shorooq Partners, L& Ventures, Flat6Labs
SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20Z%20FLIP5
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Black Panther
Dir: Ryan Coogler
Starring: Chadwick Boseman, Michael B Jordan, Lupita Nyong'o
Five stars
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
Available: Now
THE BIO
Born: Mukalla, Yemen, 1979
Education: UAE University, Al Ain
Family: Married with two daughters: Asayel, 7, and Sara, 6
Favourite piece of music: Horse Dance by Naseer Shamma
Favourite book: Science and geology
Favourite place to travel to: Washington DC
Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.
KILLING OF QASSEM SULEIMANI
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