Abu Dhabi National Oil Company (ADNOC) announced plans to accelerate its growth strategy with an investment of 200 billion dirhams ($55 billion) in new project awards scheduled between 2026 and 2028. The initiative aims to intensify project execution across ADNOC’s upstream and downstream operations, in line with the company’s five-year capital expenditure plan approved by its Board last year.
The announcement was made during the “Make it With ADNOC” Forum held on Sunday, an event designed to connect key engineering, procurement, and construction (EPC) contractors with 70 local manufacturers recognized under ADNOC’s ‘Local+’ program. The initiative is part of ADNOC’s broader In-Country Value (ICV) strategy, which prioritizes products made in the United Arab Emirates (UAE) to support local industrial growth and enhance supply chain resilience.
Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC’s Managing Director and Group CEO, emphasized the company’s commitment to a faster and more disciplined project delivery model. He noted that this phase of growth reflects the directives of UAE leadership to strengthen both the nation’s energy sector and its industrial base, addressing rising global energy demand while expanding domestic manufacturing capacity.
“The upcoming projects present an opportunity to bring together leading EPC contractors and local manufacturers to maximize in-country value and ensure that Made in the Emirates products are central to how we build and execute our projects,” Al Jaber said. He invited partners capable of matching ADNOC’s ambitious pace and reliability standards to contribute to the company’s evolving industrial ecosystem.
The forum also highlighted ADNOC’s approach to early partner engagement and the fostering of long-term, performance-driven collaborations. This strategy is supported by enhanced governance measures aimed at increasing transparency and broadening market participation in project delivery.
Looking ahead, ADNOC plans to launch the “ADNOC Value Connect – meet the buyer” event on May 5 and 6, as part of the “Make it in the Emirates” initiative. The event will gather over 1,000 companies, including many small and medium-sized enterprises (SMEs), providing a platform that facilitates direct interaction between local manufacturers and key suppliers, including EPC contractors. This effort is expected to further integrate the UAE’s industrial ecosystem and strengthen supply chain resilience.
Through these initiatives, ADNOC seeks to solidify its role in promoting domestic manufacturing capabilities while fulfilling its strategic objectives to meet growing energy demands and support the UAE’s industrial development goals.