In a bold move that’s set to transform the UAE’s economy, ADNOC (Abu Dhabi National Oil Company) has announced a groundbreaking initiative to inject a staggering Dh200 billion into the local economy over the next five years. This ambitious investment will be driven by ADNOC’s In-Country Value (ICV) Programme, a strategic effort to foster local businesses, create job opportunities, and accelerate the overall economic growth of the UAE.
This initiative marks a major step in ADNOC’s ongoing commitment to sustainability and economic diversification, two pillars that are central to the UAE’s vision for the future. The In-Country Value Programme is designed to maximize the value generated within the UAE, ensuring that a larger share of the country’s oil and gas sector revenues stay within its borders. The programme encourages ADNOC’s suppliers and partners to invest in local businesses, create more employment opportunities for UAE nationals, and prioritize products and services that benefit the UAE economy.
With Dh200 billion earmarked for this initiative, ADNOC is positioning itself as a key driver of economic diversification, shifting the focus from oil dependency towards sustainable, homegrown growth. The programme is expected to stimulate multiple sectors, from manufacturing to logistics, technology, and renewable energy, creating a ripple effect across various industries and generating long-term economic benefits for the country.
The creation of thousands of jobs, alongside significant investments in local businesses, will empower the UAE’s entrepreneurial ecosystem and elevate the country’s global competitiveness. By bolstering the local supply chain, ADNOC is helping to ensure that the UAE’s oil and gas industry becomes even more integrated with the broader economy.
The ICV programme also aligns with the UAE’s efforts to enhance its standing as a global economic powerhouse. With a clear focus on sustainable growth and community development, ADNOC’s Dh200 billion investment will undoubtedly create lasting positive impacts, securing the future prosperity of the UAE for generations to come.
