Abu Dhabi, United Arab Emirates – The Abu Dhabi National Oil Company (ADNOC) has announced a broad plan to award new projects worth AED 200 billion, equivalent to about $55 billion. These projects will be awarded during the period from 2026 to 2028. This move represents a shift for the company into an intensive implementation phase. It falls within its long-term growth strategy.
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ADNOC said these awards will support its five-year capital expenditure plan, approved by the board last year. They also pave the way for a new phase of major projects across the value chain. These include exploration, production, refining, and petrochemicals, as well as energy-related services.
The announced value does not represent an immediate, one-time expenditure, but rather a package of project awards and contracts for the period extending to 2028. As a result, this gives local contractors and manufacturers a clearer view of upcoming business opportunities. This is specifically within the UAE energy sector.
ADNOC strengthens local manufacturing and supply chains
The announcement was made during the “Make It with ADNOC” forum, which brought together leading engineering, procurement, and construction contractors with dozens of local manufacturers. This initiative is part of broader efforts to make UAE-made products a preferred choice. The company wants these products chosen for its projects.
ADNOC is betting that these new contracts will expand the national manufacturing base and enhance the resilience of supply chains. Furthermore, these contracts will open up greater opportunities for small and medium-sized enterprises (SMEs) to participate in major energy projects.
The plan has an economic dimension that extends beyond the oil and gas sector. The UAE seeks to deepen the contribution of domestic industry to strategic projects. Furthermore, it aims to reduce reliance on foreign supply chains. It also aims to enhance the competitiveness of local companies in energy and infrastructure contracts.
Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing Director and CEO of ADNOC Group, said the company is entering a crucial implementation phase focused on speed, discipline, and creating greater local value. He also noted that the company aims to meet the growing global demand for energy.
This plan comes at a time of rapid transformation in global energy markets, amid fluctuations in supply. At the same time, there is a growing need for long-term investments to ensure energy security and market stability.
Abu Dhabi’s Energy Strategy Shift
This move signals Abu Dhabi’s shift towards a more flexible energy policy, combining increased investment in domestic production with the expansion of low-carbon gas and power projects. It also includes strengthening the role of the local industrial sector in executing major projects. While energy markets are impacted by geopolitical and economic challenges, ADNOC is betting that this package of awards will enhance its ability to meet global demand. Furthermore, it supports the UAE’s ambitions to build a more robust and competitive industrial base by the end of this decade.
