Sharjah 24 – WAM: His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Board of Directors of the Abu Dhabi National Oil Company (ADNOC), Wednesday presided over the annual meeting of the ADNOC Board of Directors.

During the meeting, which was held in the UAE pavilion at Expo 2020 Dubai, Sheikh Mohamed bin Zayed conveyed the support and encouragement of President His Highness Sheikh Khalifa bin Zayed Al Nahyan for ADNOC and commended the company’s proactive steps to embrace the energy transition, noting its clean energy partnership with Emirates Water and Electricity Company (EWEC). Sheikh Mohamed lauded ADNOC’s strong performance and its landmark achievements in 2021 that have maximised value and growth opportunities for the UAE.

Other board members that attended the meeting were Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council; Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs; Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, member of the Abu Dhabi Executive Council and Chairman of Abu Dhabi Executive Office; Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of Crown Prince Court; Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure; Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing Director and Group CEO of ADNOC; Ahmed Ali Al Sayegh, Minister of State; Dr. Ahmed Mubarak Ali Al Mazrouei, Chairman of the Abu Dhabi Executive Council Office; Khaldoun Khalifa Al Mubarak, Managing Director and Group Chief Executive Officer of Mubadala; Jassim Mohammed Buatabh Al Zaabi, Member of the Executive Council and Chairman of the Abu Dhabi Department of Finance Council; and Awaidha Murshed Al Marar, Member of the Executive Council and Chairman of the Abu Dhabi Department of Energy.

During the meeting, His Highness Sheikh Mohamed bin Zayed underlined ADNOC’s important role as a catalyst for the UAE’s growth and diversification and expressed confidence that the company is well placed to continue to empower the nation’s socioeconomic ambitions as it looks ahead to the next 50 years.

Commenting on the achievements, Sheikh Mohamed bin Zayed congratulated ADNOC and said the UAE will continue to responsibly unlock its hydrocarbon resources to drive progress and contribute to global energy security.

Sheikh Mohamed and the board reviewed the ongoing achievements of ADNOC’s ICV programme. Since ADNOC launched the programme in January 2018, it has driven AED105 billion ($28.6 billion) back into the UAE economy and created over 3,000 jobs for UAE Nationals in the private sector, including over 1,000 jobs this year.