ADNOC confirmed it is accelerating growth and delivery of its strategy with AED200 billion ($55 billion) in new project awards for 2026-2028.
The planned project awards reinforce delivery of ADNOC’s five-year capital expenditure (CAPEX) plan approved by its Board of Directors last year and will usher in a new phase of world-scale project execution across its value chain to meet growing global energy demand.
The announcement was made at the ‘Make it With ADNOC’ Forum, which connected top engineering, procurement and construction (EPC) contractors with 70 local manufacturers included in ADNOC’s ‘Local+’ list after meeting its technical and qualification standards to support the company’s project requirements.
The ‘Local+’ initiative under ADNOC’s In-Country Value (ICV) program is aimed at ensuring that Made in the Emirates products are first-choice across ADNOC’s project delivery, supporting the growth of local manufacturers.
The planned project awards span ADNOC’s upstream and downstream operations and usher in a new phase of project delivery that will supercharge 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.
