The Ministry of Industry and Advanced Technology (MoIAT) has signed four new memoranda of understanding (MoUs) with Modon Holding, Emaar Properties, Silal Food & Technology, and Calidus Group, marking a major expansion of the UAE’s National In-Country Value (ICV) Programme.
The agreements were formalised on the second day of the Make it in the Emirates 2025 forum, held in Abu Dhabi. Organised by MoIAT in collaboration with strategic partners including ADNOC Group and Abu Dhabi Investment Office, the event serves as a key platform to promote local industrial growth under the theme “Advanced Industries. Accelerated.”
By joining the National ICV Programme, the four entities gain access to a range of incentives aimed at enhancing competitiveness and fostering sustainable economic development. The programme redirects procurement spending by government and national companies into the local economy, supporting the UAE’s broader vision under the Projects of the 50 and the National Strategy for Industry and Advanced Technology.
The MoUs were signed by senior representatives from each organisation, including Omar Al Suwaidi, Undersecretary of MoIAT. The signings were witnessed by Calidus Group Chairman Tareq Al Hosani.
The new partners represent diverse sectors: Modon Holding spans real estate and investments, Emaar is a global real estate leader, Silal advances agri-food technology, and Calidus specialises in cutting-edge defence manufacturing.
The National ICV Programme has already driven AED 347 billion in local expenditure by the end of 2024, contributing to industrial self-sufficiency, job creation, and increased national economic value. This latest step further strengthens the UAE’s push to localise supply chains, empower Emirati talent, and build a globally competitive industrial base.
News Source: Emirates News Agency
