ADNOC expands ICV Programme to prioritise small factories and local suppliers

ADNOC Group has overhauled its In-Country Value (ICV) Programme to accelerate supplier registration and grant priority status to small factories, the company announced on Sunday, 25 October. The new framework introduces a refined calculation method for local value and provides a five-year roadmap of procurement requirements to help manufacturers plan investments. Accelerated Entry for Small Businesses Omar Ahmed Suwaina Al Suwaidi, Director of Commercial and Capital Projects at ADNOC Group, confirmed the changes during the second Make it with ADNOC Forum in Abu Dhabi. The revised approach streamlines the qualification process for new suppliers, specifically targeting small-scale industrial units to integrate them into the energy giant’s supply chain. By giving these entities priority in project execution, ADNOC aims to build their capacity for domestic demand before pivoting toward export markets. A critical component of the update is the provision of detailed visibility into ADNOC’s future needs. The company now offers a five-year outlook on its project pipeline, with granular data provided for the immediate two-year period. This transparency is designed to allow contractors to assess resource needs and establish new manufacturing facilities with lower financial risk. Economic Impact and Partnerships Since its inception eight years ago, the ICV Programme has directed more than AED 307 billion into the UAE economy. According to Al Suwaidi, the initiative has successfully…