ADNOC’s chief executive, Sultan Al Jaber, stated on Tuesday that the United Arab Emirates’ state oil company aims to increase its energy investments in the United States six-fold, reaching AED 1.62 trillion (USD 440 billion) over the coming decade.
“For us, the United States is more than just a strategic focus; it is an investment necessity,” Jaber remarked at an event held in Washington, emphasising that artificial intelligence (AI) constitutes a rare, generational investment prospect.
Jaber highlighted the UAE’s recent cornerstone investment in the largest liquefied natural gas facility in Texas, ongoing investments in petrochemical plants across the U.S., and an upcoming expansion of 5.5 gigawatts in renewable energy and storage capacity “from coast to coast.”
He further announced that UAE renewable energy company Masdar, along with investment entity XRG, has recently inaugurated an office in Washington, reiterating that investment in the United States remains a fundamental priority.
Last month, during former President Donald Trump’s visit to Abu Dhabi, the United States and the UAE revealed plans for a major artificial intelligence campus, which will include a network of high-capacity data centres.
Back in March, when senior UAE officials convened with Trump, the UAE pledged to a 10-year investment strategy worth AED 5.15 trillion (USD 1.4 trillion) targeting key sectors such as energy, artificial intelligence, and manufacturing, aimed at strengthening bilateral ties.
