Chemicals Derivatives TA’ZIZ Awards $2 billion
TA’ZIZ (Abu Dhabi Chemicals Derivatives and Industrial Gases Complex), a joint venture between ADNOC (Abu Dhabi National Oil Company) and ADQ (Abu Dhabi Developmental Holding Company), over $2 billion worth of engineering, procurement and construction contracts for the chemical infrastructure portion of the Al Ruwais project to propel UAE’s chemical industry growth. The contracts are secured by NMDC Group (National Marine Dredging Company), and Rotary Engineering-Abu Dhabi/Advario (Rotary Engineering and Advario Middle East).
Al Geemi Contracting will develop critical infrastructure at Al Ruwais Industrial City, including a chemicals port, terminal, and site infrastructure. This investment supports ADNOC strategy to become a top-five global chemicals player, diversifying UAE’s economy and boosting In-Country Value (ICV). The projects will create jobs, stimulate local economic growth, and establish Abu Dhabi as a hub for chemicals and transition fuels. Production is slated to commence in 2027, targeting 4.7 million tons per annum of chemicals by 2028, with exports to global markets.