TA’ZIZ, a joint venture between state oil giant ADNOC and sovereign wealth fund ADQ, signed a $10 billion agreement with Alpha Dhabi to produce up to 14 new industrial chemicals at Al Ruwais Industrial City in Abu Dhabi.
The agreement was signed by TA’ZIZ CEO Mashal Saoud Al-Kindi and Alpha Dhabi’s CEO Hamad Al Ameri at the Make it in the Emirates forum in Abu Dhabi, the UAE’s state-owned Emirates News Agency reported.
The proposed output includes materials such as styrene, polyols, epoxy resins, and linear alpha olefins, which are widely used across construction, automotive, packaging, and manufacturing industries. The deal could fundamentally shift how the UAE sources materials it currently imports by the shipload, redirecting that spending into domestic production.
Subject to final investment decisions and regulatory approvals, the partnership would deliver 2.2 million tonnes per year of additional chemical capacity, built tightly into the existing TA’ZIZ and ADNOC ecosystems at Al Ruwais to tap shared feedstocks, utilities, and infrastructure. It builds on TA’ZIZ’s Phase 1 target of 4.7 million tonnes per year of marketable products by the end of 2028, which already includes low-carbon ammonia, methanol, and PVC.
At the MIITE forum, TA’ZIZ also announced long-term supply, feedstock, and offtake agreements totalling AED 105 billion, with contract terms running five to 25 years across its chemicals portfolio. These deals were signed with ADNOC, Proman, Emirates Global Aluminium, Mitsubishi, Mitsui, Sanmar Group, Tricon, and Vinmar.
ADNOC Gas locked in a 25-year feedstock deal to supply natural gas to the TA’ZIZ methanol project, valued at over AED 18 billion, whilst Emirates Global Aluminium signed on to receive 200,000 dry metric tonnes per year of domestically produced caustic soda from TA’ZIZ for its Al Taweelah alumina refinery.
The UAE has identified AED 180 billion in industrial procurement opportunities over the next decade to localise more than 5,000 products across sectors linked to economic, food, and healthcare security.
The industrial sector’s contribution to GDP has reached AED 200 billion, up 70 per cent since 2021, whilst exports climbed to AED 262 billion, including AED 92 billion in advanced industrial goods. This strategic expansion demonstrates the UAE’s commitment to diversifying its economy and reducing reliance on oil exports through high-value industrial production and international partnerships.