Eight UAE investors to take up to 20% stake in Adnoc’s Ta’ziz projects – The National

Eight UAE investors to take up to 20% stake in Adnoc’s Ta’ziz projects – The National

Abu Dhabi Chemicals Derivatives Company, known as Ta’ziz, signed an agreement with eight UAE-based investors who will invest up to a 20 per cent stake in a portfolio of projects worth Dh15 billion ($4bn) in its Industrial Chemicals Zone in Ruwais.

The deal marks the first domestic public-private partnership (PPP) in Abu Dhabi’s downstream and petrochemicals sector, Adnoc said in a statement on Wednesday.

The local investors will be investing alongside Abu Dhabi National Oil Company, ADQ, and other global strategic partners.