UAE’s ADNOC Says Investing in US Energy Is Very Important
The CEO of Abu Dhabi National Oil Company (ADNOC), Sultan Al Jaber, said that investing in the United States is very important. He confirmed that the company plans to increase its energy investments in the US six times, reaching $440 billion over the next ten years.
US Investments
“The United States is not just important — it’s a key place for us to invest,” said Al Jaber during an event in Washington on Tuesday.
He mentioned that Masdar, a UAE renewable energy company, along with ADNOC’s investment arm XRG, has just opened a new office in Washington.
Al Jaber also talked about the UAE’s major investment in the largest liquefied natural gas (LNG) facility in Texas. He highlighted other ongoing investments in petrochemical plants across the US and plans to build 5.5 gigawatts of renewable energy and energy storage across the country.
In March, XRG said it plans to make big investments in the US gas industry. The company aims to be involved in every part of the gas process — from finding and producing gas to delivering it.
Al Jaber has been the head of ADNOC since 2016 and was ranked second on Forbes Middle East’s Top CEOs list for 2024.
AI Investments
Al Jaber also said that the US and the UAE should work together on a clear plan to grow artificial intelligence (AI) technology.
Mariam Almheiri, who leads the UAE International Affairs Office and is CEO of 2PointZero, said the UAE wants to team up with the US across the whole AI supply chain.
“It’s all about growing fast, and we need to act quickly,” she said at the same event.
Last month, during President Donald Trump’s visit to Abu Dhabi, the US and UAE announced a large AI campus project that will include many powerful data centers.
Back in March, the UAE agreed to a 10-year, $1.4 trillion investment plan in the US. This will focus on areas like energy, AI, and manufacturing to strengthen their partnership.
Published: 19th June 2025
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