{
  "id": 16553418,
  "title": "Adnoc’s Dh60 billion push can boost UAE manufacturing",
  "url": "https://urgent.news/2026/10/26/adnocs-dh60-billion-push-can-boost-uae-manufacturing",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-26T03:00:00.000Z",
  "source": {
    "name": "The National Business",
    "slug": "the-national-business",
    "url": "https://www.thenationalnews.com/opinion/editorial/2026/10/26/adnocs-dh60-billion-push-can-boost-uae-manufacturing/"
  },
  "original_language": "en",
  "account": "The UAE's industrial strategy hinges on constructing factories, generating high-skilled employment, and manufacturing superior products domestically. The second edition of Adnoc's Make it with Forum provided another platform for government assistance to align with the actual requirements of local manufacturers. This event, held in Abu Dhabi on Sunday, gathered industry experts, investors, associates, and officials from the Ministry of Industry and Advanced Technology to explore methods for expanding domestic manufacturing. Manufacturing plays a crucial role in the UAE's strategy to diversify its economy and enhance self-sufficiency in a volatile world. In 2021, MoIAT initiated Operation 300bn, aiming to increase the industrial sector's contribution to the national gross domestic product from Dh133 billion to Dh300 billion by 2031. Achieving this goal necessitates establishing and maintaining a system where local businesses can flourish and compete, supported by initiatives like the National In-Country Value Programme, Factory Forward UAE, and other efforts focused on economic diversification. However, the triumph of these strategies will hinge on manufacturers' capacity to secure funding, more contracts, and advanced technology. Recent challenges, such as the Covid-19 pandemic and the Iran war, underscore the importance of domestically produced industries. Adnoc is actively contributing by purchasing more products from UAE manufacturers and motivating investment in local production. The ICV programme, launched by Adnoc in 2018, has returned over Dh307 billion to the national economy, secured around Dh80 billion in off-take agreements for local manufacturing, and, in the first forum edition, announced Dh200 billion in project awards for 2026-2028. At Sunday's forum, Adnoc introduced more than Dh60 billion in local manufacturing prospects through 2030, alongside significant adjustments to its procurement, supplier registration, and ICV policies to make it simpler for manufacturers, suppliers, and investors to compete for its business. Dr Sultan Al Jaber, Adnoc's Managing Director and Group Chief Executive and Minister of Industry and Advanced Technology, emphasized that these developments aim to equip the UAE with capabilities that will benefit its industry and nation for years. The effectiveness of these initiatives will be evident in the upcoming Make it in the Emirates event in May next year, which will provide insights into investment, partnerships, factory expansion, and job creation. Ultimately, consistent progress in these areas will determine whether the UAE's industrial strategy strengthens its economic foundation.",
  "summary": "The success of the UAE’s industrial strategy will ultimately be realised by the factories it builds, the high-skilled jobs it creates and the high-quality products it makes within the country. Seen in this light, the second iteration of the Make it with Adnoc Forum was yet another opportunity to connect government support with what local manufacturers actually need. Held in Abu Dhabi on Sunday,…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}