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ADNOC has confirmed plans for AED200 billion, or about $55 billion, in project awards over 2026-2028, reinforcing its five-year capital expenditure program and signaling a major new phase of project execution across its value chain.
The announcement, made at the “Make it With ADNOC” Forum in Abu Dhabi, places local manufacturing at the center of the company’s procurement strategy. The forum connected EPC contractors with 70 UAE-based manufacturers approved under ADNOC’s “Local+” list, part of its In-Country Value program.
ADNOC said the awards will cover both upstream and downstream operations, supporting global energy demand while expanding the UAE’s industrial base. The company is also preparing to launch “ADNOC Value Connect — meet the buyer” on May 5-6, linking more than 1,000 companies, including SMEs, with suppliers and EPC contractors.
The move aligns with the UAE’s broader “Make it in the Emirates” strategy, which aims to deepen domestic manufacturing, improve supply chain resilience, and capture more value from major energy investments inside the country. For ADNOC, the awards also underscore its push to combine hydrocarbon growth with industrial policy, using large-scale energy projects to anchor local supply chains.
The scale of the planned awards suggests a significant opportunity for EPC firms, equipment suppliers, and UAE manufacturers as ADNOC advances its long-term production, processing, and downstream expansion plans.
By Charles Kennedy for Oilprice.com
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