ADNOC has established eight new UAE-based and international industrial centres within a year through its In-Country Value (ICV) programme. These centres have generated over AED 700M in value and created 800 jobs for UAE citizens.
The agreements align with ADNOC’s goal to locally produce AED 90B ($24.5B) worth of products by 2030, supporting the ‘Make it in the Emirates’ initiative. This effort aims to boost domestic manufacturing, expand commercial opportunities through the ICV programme, and enhance economic value.
Omar Al Suwaidi from MoIAT stated that the ministry is advancing initiatives to strengthen the UAE’s industrial sector globally, improve competitiveness, and increase the sector’s contribution to the national GDP. He highlighted the success of the National ICV Programme, which now includes 31 agencies and companies, with certified investments reaching AED 205B and a 66% increase in national spending in the first half of 2024.
He noted ADNOC’s role in supporting the Make it in the Emirates initiative by enabling the establishment of eight industrial facilities, which will aid job creation and support the National ICV Programme.
Rashed Abdulkarim Al Blooshi from ADDED praised ADNOC’s ICV programme for job creation, foreign investment attraction, and sector advancement, aligning with the UAE’s industrial strategy and Net Zero 2050 goals. ADIS aims to support knowledge economy, Emiratisation, and advanced technologies, with Q1 2024 seeing the industrial GDP at AED 24.8B, contributing 8.7% to Abu Dhabi’s GDP.
Dr. Saleh Al Hashimi of ADNOC’s ICV Directorate affirmed the programme’s commitment to expanding job opportunities, supporting SMEs, and attracting manufacturers, enhancing UAE’s industrial leadership and reducing import dependency.
International and UAE-based companies like Tenaris, Ingenia Polymers, Technip FMC, ADOS, Sparrows, Specialist Services Holding, United Clad Technology, MT Group, Yokogawa, and DNV Inspection have set up or expanded facilities in the UAE.
ADNOC’s expanded ICV programme aims to inject AED 178B into the UAE economy by 2028, create 13,500 private sector jobs, and drive local manufacturing.