Abu Dhabi National Oil Company (ADNOC)
announced major development plans for Ruwais City, a 6.9 sq km community in Abu
Dhabi’s Al Dhafra region.
The project will see the city’s population
nearly double, over the next 15 years, to more than 50,000 people, as well as
the creation of thousands of new skilled jobs in parallel with ADNOC’s
investment in its downstream operations.
Dr Sultan Ahmed Al Jaber, UAE Minister of State
and ADNOC Group CEO, also unveiled the new Ruwais city brand identity – Where
Opportunity Lives.
ADNOC said the Ruwais City development plan
complements its decision to invest AED165 billion to develop the world’s
largest integrated refining and petrochemicals complex in Ruwais.
It said in a statement that the development of
both the industrial complex and the city will see a significant spill-over
impact on the local economy, as local contractors and businesses grow in
tandem, providing a significant boost for the local economy
Al Jaber said: “Our investment in the further
development of Ruwais City is an investment in our people, our most important
asset. It is not just about enhancing the city’s infrastructure; it is about
improving residents’ quality of life as we continue to build a strong,
sustainable community and create greater value for the benefit of the local
economy, the region and the nation.
“The AED165 billion investment in our
downstream operations, over the next five years, will have a big ripple effect
that will create new employment opportunities, establish new businesses and
enable existing businesses to grow and prosper. The specific value will also be significant as we expand our operations,
introduce new high-value products and grow our downstream market share.”
He said ADNOC is constructing more than 3,000
new residential units bringing the total number of city housing units to more
than 10,000, with more to be built as required.
The city’s development will also include a
number of projects focused on lifestyle, recreation and community, including
new beach facilities, a central park, traditional souq, 18-hole golf course,
cricket field, running track and cycling track, as well as the expansion of the
public transport network, a range of community and civic centers and a number
of health centres.
Counted among Ruwais City’s community offerings
are eight schools and universities, three pharmacies, three major markets,
three travel agencies, four fitness clubs, two large parks, a major shopping
mall and range of other commercial and civic centres.
The announcement follows ADNOC’s Downstream
Investment Forum, held in May, where more than 40 global CEOs and over 700
senior industry leaders learned about ADNOC’s plans to become a leading global
downstream player.
The strategy is expected to add more than
15,000 jobs by 2025 and contribute an additional 1 per cent to GDP per year.
The investment program will see the entire
Ruwais complex upgraded, including the construction of one of the world’s
largest mixed feed crackers, and trebling petrochemicals production capacity
from 4.5 mtpa to 14.4 mtpa by 2025.
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