Abu Dhabi National Energy Company PJSC (“TAQA”), a publicly listed company on the Abu Dhabi Securities Exchange (ADX: TAQA), is pleased to announce it is consolidating its global corporate functions and moving to its new headquarters at Sowwah Square in Abu Dhabi. TAQA is joining a select number of leading entities at the new central business district developed as part of the Abu Dhabi 2030 Plan.

TAQA plays a large role in implementing the 2030 policy through its majority-ownership interest in all of Abu Dhabi’s gas-fired power generation facilities providing 98% of the water and electricity requirements in Abu Dhabi.

As one of the largest independent power producers in the world and an established global oil and gas operator, TAQA will bring all Abu Dhabi-based employees together under one roof and establish its global headquarters at Sowwah Square, Abu Dhabi’s new central business district. The new office, due to open later this year, will be on three floors in Al Maqam Tower at Sowwah Square, the commercial heart of Al Maryah Island.

Commenting on the announcement, Carl Sheldon, Chief Executive Officer, said: “We have made significant progress in developing Abu Dhabi as the operational centre of our global operations. And as our operation grows, we made it a priority to upgrade our headquarters to a space that best reflects the maturity of TAQA and its position as a leading integrated global energy company. We run our global business through well-resourced centres of excellence which, in turn, leads to efficient management of our global portfolio of assets. Sowwah Square offers us the best business infrastructure and facilities enabling us to effectively manage our growing global operations from the heart of Abu Dhabi.”

TAQA’s new headquarters is being designed to reflect the company’s heritage and commitment to the Emirati culture. The offices cover more than 5,400 square metres, designed to accommodate more than 200 Abu Dhabi-based employees.

Ali Khouri, Head of Purchasing and Office Management, added, “Through our relocation to Sowwah Square, we reaffirm our commitment to supporting the ambitious development projects currently being undertaken by the Abu Dhabi Government and we look forward to contributing to the future development of Abu Dhabi as an international financial centre.”

 

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