Abu Dhabi — Salama Al Haj Al Awadhi, Senior Vice President of Commercial Affairs, Group Local Value and Industrial Development at ADNOC, confirmed that the National In-Country Value (ICV) program has successfully redirected more than AED 473 billion (about $128.8 billion) into the UAE economy since its launch in 2018, including AED 307 billion through ADNOC Group.
Speaking at the Abu Dhabi Global Entrepreneurship Festival, which opened today, she explained that the program was designed to recycle procurement within the national economy, enabling local companies to integrate into ADNOC’s supply chains.
Al Awadhi emphasized that the program supports entrepreneurship and the growth of globally competitive local firms, highlighting the industrial sector as a priority area for entrepreneurs due to its promising opportunities and role in achieving self-sufficiency in strategic sectors.
She noted ADNOC’s pivotal role in the “Make it in the Emirates” platform since its inception in 2022, becoming a key partner and enabler by leveraging its procurement scale and clear demand outlook to transform opportunities into industrial projects and empower manufacturers and investors to expand confidently within the UAE.
Through ADNOC’s ICV program, opportunities worth AED 90 billion have been identified for local manufacturing by 2030, with contracts exceeding AED 80 billion already signed.
In 2025 alone, AED 65 billion was redirected into the national economy, bringing ADNOC’s total contribution to AED 307 billion since 2018.
The program, in partnership with Nafis, has also created over 23,000 private-sector jobs for Emirati talent. To date, 135 essential industrial products have been manufactured locally, alongside investments of more than AED 4.5 billion in advanced facilities and technologies, strengthening the competitiveness and resilience of the UAE’s industrial sector.