TA’ZIZ and Alpha Dhabi Sign Strategic Collaboration Agreement for $10 Billion Chemicals Investment in the UAE | premargin
TA’ZIZ and Alpha Dhabi Sign Strategic Collaboration Agreement for $10 Billion Chemicals Investment in the UAE
·ADX·General Disclosure | General Press Release·May 6, 2026·View on exchange
AI Summary
Alpha Dhabi Holding and TA’ZIZ signed a strategic collaboration agreement for a $10 billion (AED 36.7 billion) capital investment in new industrial chemicals at Al Ruwais Industrial City.
The partnership targets the production of up to 14 new industrial chemicals, adding approximately 2.2 million tonnes per annum (mtpa) of capacity to the TA’ZIZ ecosystem.
The collaboration is currently progressing through joint feasibility and market studies, with final implementation subject to investment decisions and regulatory approvals.
The project aims to support the UAE’s "Make it in the Emirates" initiative by focusing on import substitution and local supply chain resilience for sectors including construction, automotive, and packaging.
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