ADNOC remains a key enabler of MoIAT’s Make it in the Emirates program. As part of our ICV program, we aim to localize our supply chain and unlock long-term manufacturing opportunities for the private sector through our procurement pipeline. In 2022, we set a target of securing $19 billion (AED 70 billion) worth of products Make it in the Emirates “ADNOC’s proactive efforts in Emiratization and the UAE’s National In-Country Value Program are driving significant socioeconomic development. With its initiatives and active investment in local talent and resources, ADNOC is strengthening the UAE’s global competitiveness, creating valuable job opportunities for Emiratis, and shaping a prosperous future for our society. These efforts resonate with the ETCC’s vision to create a pool of qualified Emirati talents, capable of driving a sustainable, knowledge- and innovation-based UAE economy, powered by the skills and competence of our people, in line with the leadership’s vision in that regard.” ● H.E. Ghannam Al Mazrouei, Secretary General, Emirati Talent Competitiveness Council (ETCC) by 2027. In 2024, following a review of ADNOC’s procurement demand and market opportunities based on our business plan, we identified the potential for greater impact and raised our target to $24.5 billion (AED 90 billion) by 2030. By year-end, ADNOC had signed off-take agreements worth $19.6 billion (AED 72 billion) with 85 manufacturers, supporting the localization of over 100 products. This progress not only reflects the economic impact of our ICV strategy, but also the role we play in enabling UAE Nationals to develop the skills and experience needed to pursue rewarding careers. 106