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ADNOC Boosts UAE Economy with Record Local Contracts

Prime Highlights:

  • ADNOC paid out AED 65.7 billion to nearly 400 UAE organizations within the first half of 2025.
  • The In-Country Value (ICV) program can invest extra AED 200 billion into the UAE economy within the next five years.

Key Facts:

  • The transactions are drilling, logistics, engineering, procurement, and construction in nature.
  • ADNOC’s local content programs have generated over 17,000 Emirati employment opportunities.

Key Background

During the latter part of 2025, Abu Dhabi National Oil Company (ADNOC) signed AED 65.7 billion contracts with approximately 400 UAE nationals. The contracts range from drilling, logistics, and operation support services right up to engineering, procurement, and construction (EPC) works. The huge investment is a testament to ADNOC’s keen desire to boost and develop the local economy with its crown jewel In-Country Value (ICV) program that was launched in 2018.

The ICV program seeks to prioritize local contractors and suppliers in the ADNOC procurement process to boost economic diversification and industrial growth in the UAE. By having more coordination with local businesses, ADNOC hopes to boost national competitiveness and productivity. Dr. Saleh Al Hashmi, Director Commercial & In-Country Value Directorate, ADNOC, stressed that they not only build the capability of the suppliers but also have a major driving influence in offering very high-level Emirati private sector employment opportunities.

In addition to inviting local businesses to join ADNOC’s purchasing opportunities, the company introduced the ‘Make it with ADNOC’ mobile application. The plant provides small and medium-sized businesses (SMEs), suppliers, and entrepreneurs with access to ADNOC’s buying requirements transparency, thus making it possible for them to take advantage of ADNOC’s long-term commercial strategy.

In the following years, ADNOC has projected injecting AED 200 billion into the local economy under its ICV program within a span of five years. ADNOC is also looking to produce AED 90 billion worth of local products by 2030. All this is for the attainment of ADNOC’s overall strategic ambitions of economic diversification, establishment of national supply chains, and empowering local entities, thus fostering sustainable development in the UAE.

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