Abu Dhabi’s TA’ZIZ gets 8 local investors to fund in $4bn worth projects

Abu Dhabi’s TA’ZIZ gets 8 local investors to fund in $4bn worth projects

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The Abu Dhabi Chemicals Derivatives Company (TA’ZIZ) has signed investment agreements with eight UAE-based investors who will take up to 20 percent stake in a portfolio of projects worth $4 billion in the Industrial Chemicals Zone in Ruwais.

In the deal, which marks the first domestic public-private partnership (PPP) in Abu Dhabi’s downstream and petrochemicals sector, the local investors will be committing funds alongside Abu Dhabi National Oil Company (ADNOC), ADQ, and other global strategic partners.

The eight UAE investors include Al Dhafra Co-operative Society, Al Nasser Holdings, Alpha Dhabi Partners Holding, Arab Development Establishment, Buhairan Limited Company, Capital Investment, Mazrui International and Mazrui Energy Services and Riverside Investments.

Dr. Sultan Ahmed Al JaberGroup CEO – ADNOCUAE Minister of Industry & Advanced Technology

“Through TA’ZIZ, our new domestic partners will have a stake in ongoing activities to enable additional domestic production of critical industrial raw materials, drive economic diversification and further grow the UAE’s advanced manufacturing base, supporting the ambitions outlined in the ‘Principles of the 50’ set out by our wise leadership. Looking ahead, we look forward to further growing a robust pipeline of investment and partnership opportunities at TA’ZIZ, welcoming leading investors who are ready to partner with us on the