TA’ZIZ comprises of three main zones: the TA’ZIZ Industrial Chemicals Zone will host world-scale chemicals production. The TA’ZIZ Light Industrial Zone will accommodate downstream conversion industries that will convert the outputs of the Chemical Zone into consumable products. The TA’ZIZ Industrial Services Zone will house an ecosystem of companies providing all the necessary services required by the TA’ZIZ industrial zones and the wider Ruwais complex.
ADNOC and ADQ have created an investment platform to fund and oversee the development of chemicals projects within the TA’ZIZ Industrial Chemicals Zone. Following a detailed feasibility study, TA’ZIZ is enabling the manufacture of a number of chemicals at a global scale with opportunities for additional investors and partners to participate.
Within TA’ZIZ Industrial Chemicals Zone, investors are invited to participate in the development of worldscale chemicals production. Total investment in these projects could be in excess of USD $3 billion, with most of the chemicals produced in the UAE for the first time. A USD $2 billion industrial ecosystem is under development to support these investments.
TA’ZIZ combines the strengths of ADNOC and ADQ to create a unique platform that will act as a key driver and catalyst for the UAE’s industrial development and economic diversification. Our new partnership will strengthen our position as a globally competitive petrochemicals hub and destination for foreign direct investment, leveraging technology to further grow the UAE’s advanced manufacturing base.
The creation of TA’ZIZ embodies the strategy and aspirations of both joint venture partners, not only in contributing to and diversifying the key industrial component of the UAE’s future economy, but also in forging local collaborations needed to achieve such important developmental milestones. With companies such as Abu Dhabi Ports, Abu Dhabi National Energy Company (TAQA), Etihad Rail, Emirates Steel, DUCAB and Arkan, ADQ has much to bring to this joint venture, and we will fulfil the trust invested in us to ensure the success of TA’ZIZ.
The Chairman of Abu Dhabi Chemical Derivatives Company RSC Ltd, trading as ‘TA’ZIZ’ is Khaled Salmeen (ADNOC), with Ahmed Jasem Al Zaabi (ADNOC), Omar Suwaina Al Suwaidi (ADNOC), Nabeel Qadir (ADQ), and Hamad Al Hammadi (ADQ) being appointed as Board members. Khaleefa Yousef Al Mheiri (ADNOC) is Acting Chief Executive Officer.
ADNOC is one of the world’s leading diversified energy and petrochemicals groups and is a primary catalyst for the UAE’s growth and diversification.
With a daily production capacity of more than 4 million barrels of oil and 10.5 billion cubic feet of natural gas, ADNOC operates across the entire hydrocarbon value chain through a network of fully integrated businesses, with interests that range from exploration, production, storage, refining and trading to the development of a wide range of petrochemical products.
ADNOC recognizes that, to help meet the growing global demand for energy and maximize the value of every barrel that it produces, it must embed a dynamic, performance-led, commercially minded corporate culture that applies the latest technology and harnesses company resources effectively. As part of its Smart Growth strategy, ADNOC is developing a more valuable and resilient downstream business by leveraging upstream resources to expand the downstream product portfolio and evolve into a market shaper.
Established in Abu Dhabi in 2018, ADQ is one of the region’s largest holding companies with direct and indirect investments in more than 90 companies locally and internationally. Both an asset owner and investor, ADQ’s broad portfolio of major enterprises span key sectors of a diversified economy, including energy and utilities, food and agriculture, healthcare and pharma, and mobility and logistics, amongst others. As a strategic partner of Abu Dhabi’s government, ADQ is committed to accelerating the transformation of the emirate into a globally competitive and knowledge-based economy.
TA’ZIZ will leverage the capabilities of ADQ companies, including TAQA, Abu Dhabi Ports and Etihad Rail to enable streamlined project delivery.