Tenaris opens $60m industrial complex in Abu Dhabi

WAM

Tenaris, a global supplier of pipes for the oil and gas industries, has opened its AED220 million ($60 million) industrial complex in Abu Dhabi, a boost for the UAE government’s “Make it in the Emirates” initiative.

Etihad Tubulars, the newly established 200,000 sq m industrial complex in Abu Dhabi Industrial City, will house a training centre for Adnoc engineers, local talents and partners to improve their technical skills and knowledge. 

The complex will also have a pipe service yard for storage, inspection, and preparation of pipe products.

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“Tenaris’s new complex in Abu Dhabi underscores our ongoing efforts to attract global companies to locally manufacture critical industrial products,” said Yaser Al Mazrouei, the executive director for people, commercial and corporate support at Adnoc. 

Paolo Rocca, chairman and CEO of Tenaris, said: “With this new facility, we will contribute to the UAE’s economic goals and strengthen the service we provide to Adnoc and the local energy industry.”

In the first full year since the launch of the Abu Dhabi Industrial Strategy in 2022, AED15.4 billion ($4.2 billion) in capital investments have been made in manufacturing facilities, moving to the in-production phase, a growth of 86 percent from a year earlier. 

The strategy aims to double the industrial sector to AED172 billion, create 13,600 skilled jobs and increase the emirate’s non-oil exports to AED178.8 billion by 2031.