Prime Highlights
- Adnoc plans AED200 billion in project awards from 2026 to 2028 to expand UAE industry.
- Ta’ziz and Borouge 4 are among key projects driving jobs, local value and production growth.
Key Facts
- Adnoc is the UAE’s national energy company with major operations in oil, gas and chemicals.
- Ta’ziz phase one is expected to add AED183 billion to the UAE economy.
Background
Adnoc is accelerating a major industrial expansion in Abu Dhabi’s Ruwais region, with plans to award AED200 billion ($55 billion) in projects between 2026 and 2028. The move aims to boost industrial growth in the UAE, strengthen domestic supply chains and support the Make it in the Emirates initiative.
The planned awards, announced at the Make it with Adnoc forum, are expected to create large opportunities for local manufacturers and engineering, procurement and construction contractors. The company said the projects will increase local production capacity and improve economic competitiveness.
Adnoc executive Nasser Al Muhairi said the company is expanding downstream investments to improve industrial resilience and create long-term value. He said major projects include the Ta’ziz chemicals ecosystem, the Ruwais LNG project and the Borouge 4 expansion.
The Borouge 4 project will add 1.4 million tonnes per year of petrochemical capacity, raising total capacity to 6.4 million tonnes annually. The development has already generated nearly AED2.2 billion in local purchase orders.
Phase one of Ta’ziz, a chemicals joint venture between Adnoc and ADQ, is expected to contribute AED183 billion to the UAE economy. The project is set to create 20,000 construction jobs and 6,000 permanent positions over its lifetime.
Ta’ziz is also expected to reach 4.7 million tonnes of annual chemicals production capacity by 2028. Long-term agreements in the methanol and PVC value chains worth around AED104 billion were also announced.
Adnoc Gas has awarded $5 billion in contracts for phase one of the Rich Gas Development project. The ESTIDAMA gas pipeline expansion has also generated more than AED2 billion in EPC awards.
Adnoc said its trading business has grown from five employees in 2019 to more than 400, including over 140 UAE nationals working in trading, risk management and market analysis.
