Abu Dhabi:ADNOC's commitment to advancing local manufacturing opportunities is set to bolster national investments and enhance industrial capabilities through 2030, according to officials from the Ministry of Industry and Advanced Technology (MoIAT).
According to Wam, Hasan Jasem Al Nowais, Undersecretary of MoIAT, highlighted the National In-Country Value (ICV) Programme as a pivotal factor in economic growth and stability. He emphasized that ADNOC's local manufacturing opportunities, valued at over AED 60 billion, are transforming domestic demand into investments, generating high-quality job opportunities for UAE nationals, and supporting sustainable growth and global competitiveness.
Al Nowais acknowledged ADNOC as a critical partner and model in leveraging purchasing power to build national industrial capabilities. The Ministry aims to link these opportunities with policies, incentives, and financing to realize tangible projects. He encouraged other major purchasing entities to adopt this model to further strengthen the UAE's position as a hub for advanced industries.
Eng. Osama Amir Fadhel, Assistant Undersecretary for the Industrial Accelerators Sector at MoIAT, noted during the Make it with ADNOC Forum that ADNOC has been a significant strategic partner in the National In-Country Value Programme. He stated that ADNOC has played a vital role in driving the national economy and enabling domestic industries, specifically in the oil and energy sectors, by supporting the local manufacturing of more than 200 products.
Fadhel also pointed out the programme's success, with over AED 473 billion directed into the national economy. He urged investors to capitalize on the opportunities presented by ADNOC's clear list of required products and their demand value in upcoming years. He assured that the Ministry will support investors throughout the process from inception to completion.
