TA’ZIZ and Alpha Dhabi sign $10 billion strategic collaboration for chemicals investment in UAE
Type: Investment · Technology: Industrial · Country: United Arab Emirates · Value: $10B · Announced: 2026-05-06
TA’ZIZ and Alpha Dhabi Holding signed a $10 billion (AED36.7 billion) strategic collaboration agreement to invest in new industrial chemicals within the TA’ZIZ ecosystem in Al Ruwais Industrial City, Abu Dhabi. The partnership targets production of up to 14 chemicals, delivering approximately 2.2 million tonnes per annum of additional capacity, including styrene, polystyrenes, acrylic acid derivatives, polyols, MDI, epoxy resins, and linear alpha-olefins. The project aligns with the UAE’s industrial strategy and Make it in the Emirates initiative, aiming to substitute key imported chemicals and strengthen local supply chain resilience. The new chemicals will serve construction, automotive, packaging, consumer goods, infrastructure, and advanced manufacturing sectors. Subject to final investment decisions and regulatory approvals, the collaboration will integrate with TA’ZIZ’s existing utilities and infrastructure to enhance competitiveness and capital efficiency.
Counterparties
- Alpha Dhabi Holding (Partner)
- ADNOC (Investor)
- TA’ZIZ (Developer)