Adipec 2025: Dr Sultan Al Jaber calls for ‘pragmatic, not ‘power policy’; Highlights of the $4TN Investment
Hosted by Adnoc, the event runs until Thursday, November 6, bringing together world power leaders, policy makers and investors.
Delivering the Test Address at the 41st Edition of Adipec, Dr Sultan Ahmed Al Jaber, Minister of Industry and Adnoc Ogain Director and CEO of Adnoc Ogadayo, gave Adnoc’s Managing Director and Economy and improved global competitiveness.
‘PRAGMATIC, NOT WANT’
Dr. Al JABER said that the UAE Pragmatic approach shows how a policy based on practicality builds investor confidence.
He said: “Here in the UAE, our approach is to expand capacity, attract capital, develop technology and work with industry on practical policy solutions.
“Global Capital continues to flow to the UAE because investors value reliability, appreciate predictability and place a premium on reliability. All of them are located in Abu Dhabi and across the UAE.”
He added that the policies should be ‘activities, not done, based on guidance, not ideas, built on the first principles, law without understanding and legal remedies will reduce the economy, stunt communities and drive money. “
AI and efficiency in adnoc
Finding Adnoc’s success, Dr Al JABER said: “At Adnoc, we use all available technologies, including the robotic cases of the home-grown company AIQ, embedded under AI cases, from the source to the trading floor.
“These tools cut unplanned shutdowns in half and improve efficiency across our business.”
He added that Adnoc’s Power of AI will make forecasting 90 percent more accurate, explaining the company’s goal of becoming an “AI-Energy Company.”
‘Meet the noise, track the signal’
Addressing the dynamics of the market, Dr Al JABER said: “With all the holes, it can be difficult to focus on what is really visible in our business. And sometimes like these, my method is simple: fix the signal.
“And the signal is telling us that near-term uncertainty is real, while long-term demand remains strong. It’s telling us to balance cost discipline with investment, while investing in people, technology and AI.”
He pointed out that while short-term headwinds may continue, long-term global energy demand will continue to rise.
$4TN Annual Investment required
Dr Al JABER said the world should invest $4tn every year in grids, data centers and energy systems to meet future needs.
“You can’t run tomorrow’s economy with yesterday’s grid,” he said, stressing that with the electricity demand of 2040 the power consumption of data centers will be Quadruples, and more than 2bn air conditioners will come online.
The demand for aircraft will also increase with the global fleet from 25,000 to 50,000 aircraft.
He added that renewables will more than double, LNG will grow by 50 percent, gasoline by more than 30 percent, and OIL demand will remain above 100 million barrels per day beyond 2040 – used for transportation.
“All of this adds up to something much more complex than a single power switch. WE’RE STRICTLY FREE HERE IT SHOULD,
Energy and AI: Twin engines of growth
Dr Al JABER said the ENACT Majlis, run by Adipec leaders, brought together leaders from energy, technology, finance and policy to discuss how ‘power engines and AI’s are crying out for themselves. “
He explained that gas currently provides more than a quarter of baseload power in data centers, and a shortage of gas turbines is creating procurement difficulties that are forcing higher electricity prices.
“Infrastructure is still behind where it needs to be. We need at least six million kilometers of new transmission lines by 2050.
“The reality is that capital is available; we need the right structures in the risk environment and make sure it flows to the right places. Most importantly, policy must enable progress.”
UAE as an Investment Hub
Dr. Al JABER emphasized the strong investment environment: “Where the success is growing, this is the place where the cast-carbon barbs are very low.
“Where the good administration of the law is important, here the relationship is a rock board and roi is protected.”
Adnoc, through its XRG International Investment Group, has completed gas deals in Mozambique, Egypt, Turkmenistan, Azerbaijan and the United States with new cabinets to open up new growth opportunities.
“We are open for business – but more than that, we are open for courage.”
