GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share
  • Visit included a tour of Ruwais Industrial Complex and Ruwais City
  • Investment and expansion of Ruwais to form centrepiece of ADNOC's Downstream Strategy 

Abu Dhabi, United Arab Emirates, May 15, 2018:  As part of the launch of the Abu Dhabi National Oil Company's (ADNOC) new Downstream strategy at the ADNOC Downstream Investment Forum in Abu Dhabi this week, over 200 senior energy, petrochemical and private sector leaders and CEOs toured the Ruwais Industrial Complex and Ruwais City, where they viewed existing facilities and key assets and were briefed on a number of future development plans.  

The expansion of the Ruwais Industrial Complex and Ruwais City is at the heart of ADNOC's strategy to deliver a more valuable downstream business.

Located in the strategically important Al Dhafra region, 240 kilometres west of Abu Dhabi, and building on the existing strengths and competitive advantages of the Ruwais Industrial Complex, ADNOC's new downstream plans will create the world's largest and most advanced integrated refining and petrochemicals complex.

Through a combined program of strategic partnerships and investment, ADNOC will increase the range and volume of high-value downstream products, secure better access to growth markets around the world, and create a manufacturing ecosystem in Ruwais that will significantly stimulate In-Country Value creation, private sector growth and employment, and drive the expansion and development of Ruwais City and the Al Dhafra region.

The strategy is expected to add more than 15,000 jobs by 2025 and contribute an additional 1% to GDP per year.  

ADNOC will also develop a new, large-scale, manufacturing ecosystem in Ruwais through the creation of new petrochemical Derivatives and Conversion Parks. Both parks will enable numerous new petrochemical activities and value chains in such fields as construction chemicals, oil and gas chemicals, surfactants and detergents.

As part of the Ruwais area development, ADNOC will significantly expand Ruwais City to meet the expected increase in demand for housing and other facilities resulting from an enlarged Ruwais Industrial Complex.

ADNOC plans to make Ruwais an even more attractive and thriving city for a greatly expanded, diverse and high-skilled workforce.

Along with new homes, ADNOC is undertaking a range of infrastructure and community enhancement projects to ensure residents experience the best possible quality of life and are part of a strong, sustainable community. 

ADNOC's Downstream Investment Forum brought together leaders from a diverse range of industries and sectors, to discuss key trends impacting their businesses and investments in the energy and petrochemicals industry.

At the forum, ADNOC unveiled plans to become a global downstream leader, capable of stretching the margin of every barrel of oil produced, as it accelerates the delivery of its 2030 smart growth strategy.

This will deliver more valuable upstream and more profitable downstream businesses and ensure an economic and sustainable supply of gas.

The tour of the Ruwais Industrial Complex and city included visits to Ruwais Refinery West and East, several of the site's control centres, Borouge 3 and future large-scale project locations, as well as a guided bus tour of Ruwais City. 



Posted by : GoDubai Editorial Team
Viewed 8058 times
Posted on : Tuesday, May 15, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Regulatory Reform Key to Meeting Renewable Energy Targets in Panama
Next Story : nVent Announces Completion of Separation from Pentair
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Michael Kors Unveils Spring 2019 Michael Kors Collection Ad Campaign
Flaunt your gravity-defying hairstyles to become the face of our brand
Linda Meredith Luxury Skincare Now at Coya Spa, Mirdif
City of gold celebrates the joy of new year with amazing wins this Dubai Shoppin...
Facial Peels – What Are They?
St. Valentine's Day
Sony Unveils Newest Products and Introduces Latest Efforts from Entertainment B...
Hask's Winter Care for Your Hair
New Lamborghini Huracán EVO: elevation of technologies for amplified drivin...
Celebrate Valentine's Day with GUESS
Start the Year with some TLC and enjoy the fantastic offers at The SPA at Steige...
Corum Heritage Eleganza- A luxury feminine piece
Morison Menon strategically integrates with Kreston International and rebrands ...
Trend Alert: Stay Timeless and Classy With a D1 Milano Timepiece
Rolls-Royce Motor Cars Achieves Historic Business Record
Tissot Chemin des Tourelles
Nokia 8 Sirocco blends premium craftsmanship and latest innovation with Android™...
Gharib Lands Al Shira'aa Double As One-Star Event Comes To A Close
LG Electronics' Promise of AI for an even Better Life Delivered at CES 2019 Keynote
Continental Commissions First Driverless Tyre Test Vehicle
Hankook 24 Hours of Dubai kicks off the 2019 season for Audi
Joyalukkas Shopper wins BMW Car in the ongoing DSF Mega Promotion
19 reasons to fly with British Airways in 2019
Malabar Gold DSF Winner Photo for Release - Babul Hussain
HP Opens CES 2019 with Stunning Displays, PCs and Security Innovations
Malabar Gold & Diamonds opens a new showroom in Millennium Dubai Airport Hotel t...
Celebrate the Month of Love with a Brighter Smile at The Smile Bar
Eberhard & Co. Main Sponsor of Winter Marathon 2019
Global Village presents Scheherazade, a timeless tale of intrigue and adventure
Longchamp Spring/summer 2019 Show
Samsung Smart TVs to Launch iTunes Movies & TV Shows and Support AirPlay 2 Begin...
Epson to participate at SGI 2019 for the 10th year highlighting high value solut...
Turkish Airlines reached the 80.2% Load Factor in December 2018.
Always take the front row with this 7.2” supersized smartphone screen
Bring out the Chef in your little ones at 800 Degrees Pizzeria
Third Edition of Al Shira'aa International Horse Show Concludes with Thrilling Finale
UAE Team Emirates Kick Start 2019 With a New Squad, New Kit and New Ambitions
Shane Breen Wins Grand Prix Qualifier at Al Shira'aa International Horse Show fo...
Young Al Owais Ends Al Shira'aa One Star With Victory
Smart City Services at Silicon Park Reach Advanced Level of Completion
Dubai Festival City Mall's Festival Bay transformed with a new, larger-than-lif...
Al Wahda Mall thrilled to announce launch of new outlets
UAE tap water is safe to drink – just keep storage tanks clean
Eberhard & Co. Gilda makes an extraordinary Valentine's Day gift
Celebrate Valentine's Day With a Quintessential Timepiece From D1 Milano
Cadillac announces Middle East arrival of the 2019 ATS model
Introducing Burberry Bespoke Fragrances
Canadian University Dubai (CUD) launches degree program in Climate Change in par...
Union Coop Among the ‘Elite' Sponsors of The FAZZA Championships for People of D...
Always Breaks the Guinness World Record for a Cause