Twelve business partnership majlises (councils) were held at the headquarters of the UAE’s largest energy company, Abu Dhabi National Oil Company (ADNOC). During the past two months, announced the ADNOC on Wednesday November 6th, the Emirates News Agency (WAM) reported.
More than 50 strategic suppliers from ADNOC’s supplier network, including local and international companies, attended the business partnership majlises hosted by ADNOC’s Business and Commercial Support Directorate.
These majlises, aimed at establishing a stronger relationship between ADNOC and its private sector community, are stimulating constructive supplier feedback around ADNOC’s smart-procurement approach to partnership and the company’s In-Country Value, ICV, Programme.
These majlises focused on stimulating the UAE’s socio-economic development, expanding business opportunities, boosting the transfer of knowledge within the sector and creating additional skilled employment for UAE nationals.
"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," Rashed Saud Al Shamsi, ADNOC Business and Commercial Support Director said at ADNOC’s most recent majlis.
ADNOC’s ICV Programme was a key topic of choice among suppliers during the meetings, with more than 2,000 suppliers certified.
In the ICV Programme’s first year in 2018, ADNOC allowed the private sector to hire more than 1,000 Emiratis and drive more than AED18 billion (US$4.9bn) back into the UAE economy.
Attendees celebrated the success of the ICV Programme, which serves as the primary enabler of ADNOC’s contributions to the UAE’s development and socio-economic growth.