ADNOC backs UAE's AED1 billion National Industrial Resilience Fund

ADNOC has become the first partner to support the UAE Cabinet's newly announced AED1 billion National Industrial Resilience Fund (NIRF) following a trilateral agreement signed at the 'Make it in the Emirates' 2026.

The agreement was signed between ADNOC, the Ministry of Industry and Advanced Technology (MoIAT), and Emirates Development Bank (EDB).

The fund, managed by EDB over five years, is designed to strengthen supply chain resilience, accelerate the localisation of priority industries, and link confirmed procurement demand with targeted financing for local manufacturers.

The fund will support industrial value chains across six strategic sectors: food industries, manufacturing, primary metals, mechanical, electrical, and chemical industries, pharmaceuticals and medical supplies, and advanced technology and construction.

Under the agreement, ADNOC's role will focus on aligning its procurement chains with the fund's priorities, sharing demand data, supporting supplier localisation, and stabilising demand through long-term contracts, alongside participating in joint governance to accelerate implementation.

Meanwhile, the MoIAT will identify priority sectors and products, translate procurement opportunities into viable industrial projects, and nominate eligible projects for funding, while EDB will evaluate projects against risk and feasibility criteria, provide financing through a fast-track approval process, and monitor performance. 

"The National Industrial Resilience Fund integrates the efforts of MoIAT, EDB, and priority sector partners, starting with ADNOC, to strengthen the industrial financing ecosystem, support local manufacturing growth, and accelerate the replacement of industrial imports with high-quality local alternatives," said Hasan Jasem Al Nowais, Undersecretary of MoIAT.

"This partnership links ADNOC's long-term procurement needs with targeted financing for local manufacturers," stated Omar Abdullah Al Nuaimi, Acting Director of Commercial and ICV at ADNOC.

"We remain committed to expanding local manufacturing through our ICV Programme, which has strengthened industrial resilience and created sustainable economic value since its launch in 2018," he added.