Focus on economic transformation, UAE oil giant lays out $55 billion project.

The Abu Dhabi National Oil Company of the United Arab Emirates announced on the 3rd that it plans to award project contracts totaling 200 billion dirhams between 2026 and 2028, aiming to accelerate the economic transformation of the country. The company said in a statement that the above funds will support its five-year capital expenditure plan previously approved by the board of directors, promote the entry of the entire industry chain into a new stage of large-scale project execution, meet the growing global energy demand, enhance the manufacturing capacity of the United Arab Emirates, and strengthen industrial resilience.