ADNOC is targeting the procurement of locally manufacturable products worth up to AED90 billion ($24.5 billion) by 2030.
Dr. Saleh Alhashmi, director of the Commercial and In-Country Value Directorate at ADNOC, expressed the company’s pride in its strategic partnership with the UAE Ministry of Industry and Advanced Technology in supporting the Make it in the Emirates initiative through the In-Country Value (ICV) program.
Alhashmi told the Emirates News Agency (WAM), on the sidelines of the “Make it in the Emirates” event, that the initiative aims to boost opportunities for manufacturers, empower entrepreneurs, and build a robust and sustainable industrial sector.
He noted that through the enhanced version of the program, ADNOC aims to redirect up to AED200 billion to the national economy over the next five years, thereby supporting strategic projects and strengthening the resilience of the industrial base.
Since its launch in 2018, the program has redirected AED242 billion into the local economy and generated more than 17,000 job opportunities for Emiratis in the private sector.
Alhashmi highlighted that ADNOC is a key supporter of the “Make it in the Emirates” initiative through its program to boost national content in the industrial sector, a fundamental pillar of the company’s strategy to localize industry and enhance the resilience of the national economy.
Unlocking opportunities for local industries
Moreover, Alhashmi emphasized that ADNOC, in collaboration with strategic entities and private sector companies, is working to unlock new opportunities for local industries and lay the foundations for a prosperous and sustainable economy, thereby reinforcing the UAE’s position as a competitive industrial hub both regionally and globally.
He noted that the fourth edition of Make it in the Emirates provides a vital platform to explore investment opportunities, forge strategic partnerships, and engage in interactive discussions aligned with the aspirations of the industrial sector, which is the largest non-oil contributor to Abu Dhabi’s GDP.
Alhashmi added that through its participation in the event, ADNOC is focusing on showcasing its plans to procure locally manufactured products, its strategic partnerships, and its ongoing commitment to supporting the initiative’s objectives. These efforts contribute to the acceleration of economic diversification and the reinforcement of the national industrial base.
