Skip to content Skip to Search
Skip navigation

Adnoc Gas to spend $1.34bn expanding UAE pipeline

Adnoc Gas
The new pipeline will extend the current network from 3,200 km to over 3,500 km

Abu Dhabi-listed Adnoc Gas has awarded contracts worth $1.34 billion to expand its natural gas pipeline network in the UAE’s northern emirates.

The new pipeline will extend the current pipeline network from 3,200 km to over 3,500 km, enabling the transportation of higher volumes of natural gas to customers in the northern part of the Gulf state.

The contract was awarded to Petrofac Emirates and a consortium consisting of the National Petroleum Construction Company and CAT International.

Ahmed Mohamed Alebri, CEO of Adnoc Gas, said the expanded pipeline will lead to gas self-sufficiency for the UAE.

As part of Adnoc’s in-country value (ICV) program, over 70 percent of the contracts’ value is expected to flow back into the UAE economy.

Latest articles

Saudi esports Savvy Games Video length: 05:07

Saudi Arabia plays the long game in a high-stakes market

Saudi Arabia has so far channeled $38 billion into the esports sector through its Public Investment Fund subsidiary Savvy Games Group. This includes high-profile acquisitions such as the $4.9 billion purchase of the Monopoly Go developer Scopely and the $1.5 billion buyout of ESL FaceIt Group, one of the world’s largest esports companies. Critics have […]

Mashreq Bank sells Neopay

Mashreq sells majority stake in NeoBank in $385m deal

Mashreq Bank has sold a 65 percent stake in its subsidiary IDFAA Payments, more commonly known as NeoPay, in a deal worth $385 million. The Dubai-listed lender sold the stake to Bahrain-headquartered alternative asset manager Arcapita Group Holdings Limited and Turkish fintech company Dgpays SARL, according to a bourse filing. It said Mashreq would retain […]

The global titans in the cloud computing market are jostling to get a foothold in Saudi Arabia

Global cloud platforms offer Saudis data protection promises

Saudi Arabia’s cloud computing market is heating up as global players find a footing in the country with promises to secure government information.  Saudi Arabia has set aside $18 billion to become a regional leader in cloud computing, the Saudi Data and AI Authority said this week, allowing foreign companies to open data centres.  Saudi […]

Water, Waterfront, Shipping Container

Turkish exports to the UK hit all-time high

Turkey’s exports to the United Kingdom reached a record high in the first eight months of 2024, according to official data. Exports rose 11 percent year on year to $8.3 billion between January and August, Anadolu Agency reported, citing data from the Turkish Exporters Assembly. The automotive sector led the way, with exports reaching $2.7 […]