On Monday, 4 May 2026, the CEO of Adnoc, Ahmed Al Jaber, emphasised the importance of investing in the UAE, stating it's no longer optional for the private sector. This statement was made during a meeting with key private sector leaders in Abu Dhabi, where Al Jaber highlighted the country's growing economic opportunities.
UAE Investment Drive
The UAE has been actively promoting itself as a major investment hub, with a focus on diversifying its economy beyond oil. Earlier this year, the country launched several initiatives aimed at attracting foreign investment, including the introduction of new business-friendly laws and regulations. According to Al Jaber, these efforts have already started to bear fruit, with several major international companies announcing plans to invest in the UAE.
Ahmed Al Jaber, CEO of Adnoc, said that the company's own investment plans are a testament to the UAE's potential. 'We are committed to investing in the UAE's future and believe that the country offers a unique combination of business-friendly policies, world-class infrastructure, and talented workforce,' he added.
Adnoc's Investment Plans
Adnoc has announced plans to invest AED 200 billion in its operations over the next five years, with a focus on developing its oil and gas reserves, as well as expanding its petrochemicals business. The company aims to increase its production capacity by 25% by 2030, and has already started to implement several major projects, including the development of a new offshore oil field.
The investment plans are part of Adnoc's strategy to position itself as a major player in the global energy market. According to Al Jaber, the company is confident that its investments will not only drive growth but also create new opportunities for the UAE's private sector.
Private Sector Partnerships
The UAE government has been actively encouraging private sector partnerships in various sectors, including energy, real estate, and tourism. Several major international companies have already partnered with UAE-based businesses, including Total, BP, and Eni. These partnerships have helped to drive growth and create new opportunities for local businesses.
Al Jaber emphasised the importance of private sector partnerships in driving growth and creating new opportunities. 'We believe that partnerships with the private sector are essential to driving growth and innovation in the UAE,' he added.
Economic Growth
The UAE's economy has been growing rapidly in recent years, driven by a combination of government investment and private sector growth. According to the World Bank, the country's GDP is expected to grow by 3.5% in 2026, driven by a strong rebound in the oil and gas sector. The UAE government has been working to diversify the economy, with a focus on developing new sectors such as tourism, real estate, and finance.
The country's economic growth has been driven by a combination of factors, including its business-friendly policies, world-class infrastructure, and talented workforce. According to Al Jaber, the UAE offers a unique combination of advantages that make it an attractive destination for investors.
