ADNOC partners with Mubadala, ENEC to drive In-Country Value for UAE | ZAWYA MENA Edition:
The Abu Dhabi National Oil Company, ADNOC, today signed two framework agreements with Mubadala Investment Company and Emirates Nuclear Energy Corporation, ENEC, to partner on ADNOC’s In-Country Value, ICV, programme following the success of the programme which has driven more than AED44 billion ($12 billion) back into the UAE's economy and created over 1,500 private-sector jobs for Emiratis since it was launched in January 2018.
The partnership brings together three of the UAE’s leading companies to cooperate in further driving ICV for the country. It expands the number of entities that ADNOC has partnered with to adopt its ICV programme following similar agreements with the Abu Dhabi Department for Economic Development, Abu Dhabi Ports, and Aldar Properties.
These framework agreements also reinforce the commitment of ADNOC, Mubadala, and ENEC to enabling the growth and diversification of the UAE’s economy.
Under the terms of the agreements, ADNOC, Mubadala, and ENEC will explore potential opportunities for collaboration in creating additional skilled employment opportunities for Emiratis in the private sector and sourcing goods and services within the UAE.
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