ADNOC offers AED 60 billion in manufacturing opportunities through 2030

Abu Dhabi National Oil Company (ADNOC) has identified AED 60 billion in local manufacturing opportunities through 2030, targeting the domestic production of more than 200 products currently imported into the UAE. The announcement was made on Sunday, 25 October, during the 'Make it with ADNOC' Forum in the capital. Hasan Jasem Al Nowais, Undersecretary of the Ministry of Industry and Advanced Technology (MoIAT), stated that the National In-Country Value (ICV) Programme is leveraging ADNOC’s purchasing power to transform domestic demand into advanced industrial investment. The initiative aims to create high-quality jobs for UAE nationals and strengthen production capabilities to enhance global competitiveness. Redirecting Capital to the Domestic Economy According to data released by MoIAT, the National ICV Programme has successfully redirected more than AED 473 billion into the national economy since its inception. The programme mandates that a portion of procurement spend remains within the country, supporting local suppliers and manufacturers. Eng. Osama Amir Fadhel, Assistant Undersecretary for the Industrial Accelerators Sector at MoIAT, confirmed that the AED 60 billion pipeline includes specific products in the energy sector that are currently sourced from international markets. The Ministry has provided investors with a detailed roadmap, identifying demand for each product on a year-by-year basis to facilitate long-term financial planning. Incentives for Industrial…