# ADNOC to invest $100 million in threading plant and training academy in Abu Dhabi

As part of the casing and tubing contracts, ADNOC will invest over AED 367 million ($100 million) over five years to establish an OCTG threading plant and repair center, and a training academy in Abu Dhabi.

- Type: Investment
- Announced: 2019-08-21
- Where: Abu Dhabi, UAE, United Arab Emirates
- Value: $100.0M
- Status: announced
- Products: OCTG threading plant and repair center, training academy
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Abu Dhabi National Oil Company](https://endata.com/companies/5511.md)

## Sources

- [adnoc.ae](https://www.adnoc.ae/en/news-and-media/press-releases/2019/adnoc-awards-contracts-for-wells-and-drilling-materials), 2019-08-21: "Includes over AED 367 million ($100 million) in foreign direct investment to set up a threading plant and training academy in Abu Dhabi."
- [adnoc.ae](https://adnoc.ae/en/news-and-media/press-releases/2019/adnoc-awards-contracts-for-wells-and-drilling-materials), 2019-08-21: "Includes over AED 367 million ($100 million) in foreign direct investment to set up a threading plant and training academy in Abu Dhabi."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.