- Program mandates AED200 billion in project awards for 2026-2028 and prioritizes Local+ Made in the Emirates suppliers across EPC pipelines
- ADNOC aims to locally manufacture AED90 billion (USD24.5 billion) by 2030 across 150+ priority products, including process chemicals, drilling equipment, valves and OCTG
- Since 2022 ADNOC has signed AED80 billion of local manufacturing agreements and partners have invested AED4.5 billion in new factories, while the ICV program will inject AED220 billion into the UAE economy over the next five years
- Five initiatives—enhanced ICV model, Local+, ICV+ incentives, ADNOC Multiplier and Build-to-Demand—target procurement rules, ICV credit top-ups, increased local content and long-term demand visibility
Program overview
ADNOC launched an Industrial Resilience Program with five initiatives to strengthen UAE supply chains, accelerate local manufacturing and prioritize domestically produced items for its projects to reduce exposure to global supply disruptions.
Core initiatives
The program comprises an enhanced ICV procurement model, Local+ (priority list of approved national manufacturers), ICV+ (ICV credit top-ups for purchases from local manufacturers), the ADNOC Multiplier to increase local content in final products, and Build-to-Demand which provides long-term demand visibility for manufacturers of strategic products.
Targets and priority products
ADNOC aims to locally manufacture AED90 billion by 2030 across more than 150 priority items, including drilling equipment, process chemicals, valves and oil country tubular goods (OCTG); it announced the first 70 Local+ manufacturers and plans AED200 billion in project awards for 2026–2028.
Economic impact and partnerships
Since 2022 ADNOC has signed AED80 billion of local manufacturing agreements; partners have invested AED4.5 billion in new factories and capabilities, and the ICV program is projected to channel AED220 billion into the UAE economy over the next five years.
