The Industrial Development Office of the Abu Dhabi Department of Economic Development announced the implementation of the Abu Dhabi Local Content Program in about 1,244 tenders submitted by governmental and semi-government entities and companies, with a total value of 15 billion dirhams, through the procurement projects that were submitted during the first quarter of this year. His Excellency Muhammad Ali Al-Shurafa, Head of the Department said that applying local content to bidding contributes to encouraging companies that deal with government agencies in the Emirate of Abu Dhabi to invest in the local market in the emirate in particular and the state in general, and private companies that invest in national products, local expertise and cadres will benefit. Citizenship is largely a package of development projects.
His Excellency emphasized that government spending is one of the most important pillars of the economy and is the main incentive to revitalize economic and social production. The Abu Dhabi Local Content Program contributes to encouraging establishments and companies to continue to increase productivity and achieve added value for the local product, which translates the directives of His Highness Sheikh Mohammed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the Armed Forces and Chairman of the Executive Council of the Emirate of Abu Dhabi, in which he confirmed the continuation of the implementation of all development projects in the Emirate of Abu Dhabi within the package of economic incentives recently launched by the Executive Council of the Emirate of Abu Dhabi to support economic activity, reduce living costs and facilitate business in the emirate. His Excellency the Head of the Department explained that the Local Content Program aims to direct this spending towards developing local products and services in all its components at the level of the local economy of the Emirate of Abu Dhabi, upgrading and following up on government procurement work, achieving development goals, and supporting the local economy in accordance with the visions, strategies, plans and economic systems of the Emirate of Abu Dhabi.
His Excellency the Head of the Department indicated that the companies that obtained the ICV certificate issued by the department in cooperation with the Abu Dhabi National Oil Company, ADNOC, will have priority when awarding government bids in the event that they obtain a relatively high rate in the certificate, in addition to giving them the preference in the price and quality provided compared to With the rest of the companies participating in the tender. He explained that the department implemented the Abu Dhabi Local Content Program in a trial period that extended during the year 2019, when it achieved positive results. For his part, His Excellency Rashid Abdul Karim Al Balushi, Undersecretary of the Department, stated that during the first quarter of this year, the Department of Industry Development of the Department carried out a number of awareness-raising workshops for about 60 governmental and semi-governmental entities in the Emirate of Abu Dhabi concerned with the implementation of the Abu Dhabi Local Content Program within their projects and tenders that are being offered. During the current year, it also educated more than 1,500 representatives of the supply companies, while continuing to organize awareness workshops through social media and remote communication systems as a precaution for the current situation.