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UAE offers safe, trusted and stable investment environment.

The UAE offers safe, trusted and stable investment environment. The country has the power to transform the global economy and make a big difference in the fight against climate change, industry's top officials said during Bloomberg Capital Markets Forum in Abu Dhabi. Dr Sultan Al Jaber, Minister of State and ADNOC Group CEO, highlighted the need to strengthen existing relationships and forming new partnerships for economic growth.

"ADNOC is seizing opportunities together with partners to create new revenue streams across the value chain. In the last few months, we have completed a series of transactions that leverage our core capabilities," he said counting partnerships with Baker Hughes, Eni, OMV and OCI, acquisitions of stakes in VTTI and others. Sultan Jaber said ADNOC is attracting 'significant investments' to enhance operations and exploring creative opportunities for new partnership. "Alongside our partners we are investing $45 billion to create one of the largest refining and petrochemical complexes in the world," he said referring to Al Ruwais project.

"The door is very open for additional investments to create a full integrated manufacturing hub that will feed the fast growing demand for higher value products worldwide. We welcome all those who share our values to consider Abu Dhabi your home for stable, sustainable and long-term investment."

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Publication:Pakistan & Gulf Economist
Geographic Code:7UNIT
Date:Oct 13, 2019
Words:251
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