Abu Dhabi: ADNOC is making significant strides in supporting the 'Make it in the Emirates' initiative by enhancing national content in the industrial sector, according to Dr. Saleh Alhashmi, Director of the Commercial and In-Country Value Directorate at ADNOC. This initiative is a cornerstone of ADNOC's strategy to localize industry and fortify the national economy's resilience.
According to Emirates News Agency, Dr. Alhashmi emphasized ADNOC's collaboration with strategic entities and private sector companies to unlock new opportunities for local industries, aiming to position the UAE as a competitive industrial hub both regionally and globally. He highlighted the importance of the fourth edition of Make it in the Emirates as a platform for exploring investment opportunities, forming strategic partnerships, and engaging in discussions that align with the aspirations of the industrial sector-the largest contributor to Abu Dhabi's GDP outside the oil industry.
Dr. Alhashmi further detailed ADNOC's focus during the event on showcasing plans to procure locally manufactured products and its commitment to economic diversification. ADNOC aims to procure locally manufacturable products worth up to AED90 billion by 2030, thus empowering manufacturers and entrepreneurs to build a sustainable industrial sector.
Expressing pride in ADNOC's strategic partnership with the Ministry of Industry and Advanced Technology, Dr. Alhashmi noted that the In-Country Value (ICV) programme has redirected AED242 billion into the local economy since its inception in 2018, creating over 17,000 jobs for Emiratis in the private sector. ADNOC plans to redirect up to AED200 billion to the national economy over the next five years to support strategic projects and bolster the industrial base's resilience.