UAE President chairs meeting, approves Adnoc’s business plan of Dhs550b for 2023-27 – Gulf Today

  • Date: 29-Nov-2022
  • Source: Gulf Today
  • Sector:Oil & Gas
  • Country:UAE
  • Who else needs to know?

UAE President chairs meeting, approves Adnoc’s business plan of Dhs550b for 2023-27 – Gulf Today

Sheikh Mohamed Bin Zayed being briefed during his visit to the Adnoc Headquarters in Abu Dhabi on Monday. WAM

During the meeting, which was held at Adnoc Headquarters, Adnoc’s five-year business plan and capital expenditure (CAPEX) of Dhs550 billion ($150 billion) for 2023-2027 was approved to enable the accelerated growth strategy.

As part of this plan, Adnoc aims to drive Dhs175 billion ($48 billion) back into the UAE economy through its ICV programme.