TA’ZIZ and Alpha Dhabi agree to $10 billion investment in UAE chemicals sector

Sultan Ahmed Al Jaber Minister of Industry and Advanced Technology & UAE Special Envoy for Climate  Group MD & CEO of ADNOC and Chairman of Masdar Abu Dhabi National Oil Company (ADNOC)
Sultan Ahmed Al Jaber Minister of Industry and Advanced Technology & UAE Special Envoy for Climate Group MD & CEO of ADNOC and Chairman of Masdar - Abu Dhabi National Oil Company (ADNOC)
0Comments

TA’ZIZ and Alpha Dhabi Holding announced on May 6 a strategic collaboration agreement for approximately $10 billion (AED36.7 billion) in capital investment for new industrial chemicals within the TA’ZIZ industrial chemicals ecosystem at Al Ruwais Industrial City, Abu Dhabi. The agreement was formalized at the Make it in the Emirates platform.

The collaboration is intended to support the UAE’s industrial strategy and the Make it in the Emirates initiative by increasing domestic chemical production, reducing reliance on imports, and strengthening local supply chains. Subject to final investment decisions and regulatory approvals, up to 14 new chemicals could be produced under this partnership, adding around 2.2 million tonnes per annum of additional capacity.

The signing ceremony took place in the presence of Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO; Mohamed Ghannam Alrumaithi, Chairman of Alpha Dhabi Holding; Syed Basar Shueb, CEO of International Holding Company; Mashal Saoud Al-Kindi, CEO of TA’ZIZ; and Engineer Hamad Al Ameri, Managing Director and Group CEO of Alpha Dhabi Holding.

Mashal Saoud Al-Kindi said: “This strategic collaboration with Alpha Dhabi offers significant potential to expand TA’ZIZ’s mission to drive industrial growth, enable import substitution and create new economic opportunities in the UAE. We look forward to working with our partners to swiftly progress the joint study and unlock the industrial and economic potential from the new chemical products.”

Engineer Hamad Al Ameri said: “Our partnership with TA’ZIZ reflects Alpha Dhabi’s commitment to investing in strategic, future-focused industrial platforms that support the UAE’s economic transformation. The proposed chemicals derivatives will strengthen domestic manufacturing, unlock export opportunities and create sustainable long-term value.”

The proposed portfolio includes styrene, polystyrenes, acrylic acid derivatives, polyols, MDI (methylene diphenyl diisocyanate), epoxy resins, linear alpha-olefins among others—chemicals widely used across construction, automotive manufacturing, packaging industries as well as consumer goods sectors. These products are expected to substitute key imports while supporting national priorities for self-sufficiency.

Integration within both TA’ZIZ operations and broader ADNOC ecosystems is planned through shared feedstock sourcing as well as utilities infrastructure—enhancing competitiveness through operational synergies. By end-2028 Phase 1 production capacity at TA’ZIZ is projected at 4.7 million tonnes per annum including low-carbon ammonia, methanol,and PVC.

The Make it in the Emirates event runs from May 4-7 at ADNEC Centre Abu Dhabi with participation from multiple government bodies including Ministry of Industry & Advanced Technology (MoIAT), Ministry of Culture,the Abu Dhabi Investment Office,and ADNOC Group.



Related

HE Khalid Al Rumaihi Chairman Aluminium Bahrain (Alba)

Alba reports financial results for the first quarter of 2026

Aluminium Bahrain B.S.C. (Alba) reported a significant rise in profits for Q1 2026 despite lower production volumes caused by regional disruptions impacting shipping routes and operations. Chairman Khalid Al Rumaihi highlighted strong financial discipline while CEO Ali Al Baqali pointed out operational resilience amid external challenges.

Sultan Ahmed Al Jaber Minister of Industry and Advanced Technology & UAE Special Envoy for Climate  Group MD & CEO of ADNOC and Chairman of Masdar Abu Dhabi National Oil Company (ADNOC)

UAE and Austria reaffirm energy and industrial ties during Austrian Chancellor’s visit to ADNOC

Austrian Chancellor Christian Stocker visited ADNOC headquarters during an official trip to the UAE on May 8. The visit highlighted ongoing collaboration between Austria and Abu Dhabi National Oil Company across energy sectors.

Hana Al Rostamani Chief Executive Officer First Abu Dhabi Bank (FAB)

Fitch Ratings affirms AA- credit rating and stable outlook for First Abu Dhabi Bank

Fitch Ratings has reaffirmed First Abu Dhabi Bank’s AA- credit rating with a stable outlook. The agency cited strong capitalisation, robust liquidity ratios, and systemic importance within both Abu Dhabi and the wider UAE banking sector.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Gulf News Journal.