ADNOC plans AED 200bn project awards until 2028

Abu Dhabi - Mubasher: Abu Dhabi National Oil Company (ADNOC) announced net project awards at a total value of AED 200 billion ($55 billion) for 2026-2028 to accelerate growth, according to a press release.

The awards reinforce delivery of the group’s five-year capital expenditure (CAPEX) plan and will support the value chain to meet growing global energy demand.

They span ADNOC’s upstream and downstream operations and usher in a new phase of project delivery that will supercharge the UAE's manufacturing capacity, strengthen industrial resilience, deepen the impact of the company’s In-Country Value program, and advance the ‘Make it in the Emirates’ initiative.

Sultan Ahmed Al Jaber, ADNOC Managing Director and Group CEO, said: “In line with the directives of the UAE Leadership to advance the UAE’s energy and industrial sectors, ADNOC is entering a defining execution phase in its strategy, driven by scale, pace and a laser-focus on delivery.”

He affirmed: “This marks a new chapter of growth and resilience to meet rising global energy demand while strengthening and expanding the UAE’s industrial and manufacturing base.”

Source: Mubasher Source: {{details.article.source}}