As many as 32 French companies from the oil and gas sector will be present in Abu Dhabi from 15 to 18 November for the first post-Covid ADIPEC
This year’s edition will benefit from the prestige of Expo 2020 Dubai, UAE that draws the attention of individuals and business delegations, decision makers, & investors from around the world.
Operated by Business France, the French Pavilion at ADIPEC 2021 is planned in partnership with Trouvay & Cauvin, and will highlight a French oil and gas sector, known worldwide for its high expertise and capacity to innovate, which has succeeded in maintaining a top position as a leading equipment and services exporter. This year, seven new exhibitors will play a part on the dynamism of the French presence at the show – Acebi, Energy Consulting Services, Exa’Air, Sensotop, Tofer & Trapil.
Major global leaders from France are already well established in the Middle East: Total Energies, one of ADNOC’s oldest partners, as well as Engie, Technip, Vallourec, the Eiffage group, CGG and Ponticelli, to name just a few. The pandemic and the global energy crisis accelerated the government energy transition policies which are aimed to achieve carbon neutrality by 2050.
In a nutshell, the Middle East is a strategic market for France, with a total of 20,000 French exporters and 1,100 French subsidiaries.
The estimated value of ongoing projects in the UAE is US$53bn or 20% of the total value of ongoing projects in the Gulf Cooperation Council countries: Ruwais refinery, TA'ZIZ industrial zones, investment in the development of deposits in Hail, Ghasha, Delma, Nasr and Shuwaihat.
These projects open the door to many opportunities for French companies throughout the region. France and the UAE are expected to collaborate on hydrogen production.