Soon after signing agreements worth $9.5 billion with 25 companies, including Siemens, Halliburton, Emerson, and Schneider Electric, to manufacture products critical for the UAE’s energy industry locally, Abu Dhabi National Oil Company (ADNOC) teamed up with the US energy services company Baker Hughes to develop technologies to drive sustainable energy in the UAE and encourage “home-grown” ideas.

The agreements signed with the two dozen companies will increase investment in local manufacturing of critical products, including pressure vessels, compressors, and pipeline inspection gauges, and support the diversification of the UAE’s industrial and manufacturing infrastructure. 

The agreements could also see investments made in machining, reverse engineering, and nondestructive testing equipment, the energy company said in a statement.

Meanwhile, according to a statement released by Baker Hughes, the partnership with ADNOC seeks to promote the development of technological proofs of concept, scale-ups, and pilots while examining the viability of their deployment across important projects.

“Together with Baker Hughes, we will focus on finding innovations that help the UAE achieve its net-zero by 2050 strategic initiative while also generating In-Country Value,” said Sophie Hildebrand, chief technology officer at ADNOC group.

Last year, ADNOC’s artificial intelligence unit AIQ teamed up with Baker Hughes to boost efficiency in drilling operations.

Fast Company’s World Changing Ideas comes to the Middle East on 23 November 2022. Click here to know more.