Adnoc’s UAE-built Umm Lulu oil megaproject

Key highlights:

– The UAE’s “Make It in the Emirates” initiative marks a major advancement in localization and enhancing in-country value.

– Despite its abundant oil and gas resources, the UAE has historically lagged in developing local talent and industrial capabilities relative to the scale of its energy sector. ‘Make it in the Emirates’ initiative addresses that gap and sets an important example for other regional economies.

– It is a major step toward economic diversification and enhancing regional supply chain resilience.

– Energy remains inherently globalized and has largely resisted recent trends toward deglobalization, maintaining its integrated and interconnected nature.