The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
ABU DHABI / AD MEDIA OFFICE
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has met with the Board of Directors of XRG, the investment company focused on international gas, global chemicals and low-carbon energies.
During the meeting, His Highness reviewed XRG’s investment opportunities and how the company will help meet the increasing global demand for lower-carbon energy.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan emphasised the significance of prioritising initiatives and programmes that drive the company’s growth across gas, chemicals and low-carbon energy, in alignment with ADNOC’s interests and objectives for XRG. His Highness also highlighted the importance of strengthening strategic global partnerships that contribute to realising the leadership’s vision by implementing high-impact projects that support sustainable economic growth.
XRG was officially launched during ADNOC’s Annual Board of Directors Meeting in November 2024, with an enterprise value exceeding AED290 billion (US$80 billion). XRG aims to meet rising global demand for energy while supporting sustainable economic growth, by expanding ADNOC’s international investments in low-emission energy and chemicals.
The meeting was attended by His Excellency Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, Managing Director and Group CEO of ADNOC, and Executive Chairman of XRG; His Excellency Dr Ahmed Mubarak bin Nawi Al Mazrouei, Chairman of the President’s Office for Strategic Affairs and Chairman of the Abu Dhabi Executive Office; His Excellency Saif Saeed Ghobash, Secretary General of the Abu Dhabi Executive Council; Jon Gray, President and Chief Operating Officer of Blackstone; Nassef Sawiris, Executive Chair of OCI Global; and Bernard Looney, Chairman of Prometheus Hyperscale.