# Abu Dhabi's Ta'ziz Secures $1.39 Billion for Ruwais Industrial Projects New funding supports major chemical terminal and ammonia production facilities in the UAE. - **Source:** [The National](https://www.thenationalnews.com) - **Published:** 2026-11-04 - **Topic:** [Business](https://brifing.si/c/business) - **Original article:** - **On Brifing:** https://brifing.si/s/b43384bc-d539-49f5-ba78-1df6907e6293 ## Significant Capital Injection Abu Dhabi-based Ta'ziz has successfully raised $1.39 billion to fund two major industrial projects in Ruwais. The terminal project secured over $928 million, including $225 million in Islamic financing, while the ammonia project attracted more than $460 million. Both transactions were oversubscribed, reflecting strong investor confidence in the emirate's long-term industrial growth strategy. ## Terminal Logistics Gateway The terminal project, a joint venture between Adnoc and Advario Star Energy, functions as the primary logistics gateway for the Ta'ziz Industrial Chemicals Zone. It provides essential liquid chemical storage capacity and export capabilities to regional and international markets. Engineering, procurement, and construction works for this facility are currently approximately 70 percent complete. ## Ammonia Production Scale The ammonia project is a collaboration between Ta'ziz, Fertiglobe, Mitsui, and GS Energy. It aims to develop one of the largest ammonia production facilities in the region, boasting a capacity of one million tonnes per annum. Engineering, procurement, and construction works for this specific site are already more than 90 percent complete. ## Strategic Financial Backing Japan's MUFG served as the financial adviser for the terminal financing, involving nine regional and international banks. Meanwhile, Sumitomo Mitsui Banking Corporation acted as the exclusive adviser for the ammonia project, securing participation from seven banks across China, Kuwait, Spain, and Singapore. These deals utilize long-term, non-recourse, and six-year term facilities. ## Broader Industrial Vision Ta'ziz was established in 2020 as a joint venture between Adnoc and ADQ to support chemical production and transition fuels. The company plays a vital role in Adnoc's ambition to become a top three global chemicals player. This latest funding follows a $2 billion financing package secured in April for a separate methanol project. ## Economic Impact Projections The first phase of the Ta'ziz ecosystem is expected to contribute $50 billion to the UAE economy. This development is projected to create 20,000 construction jobs and 6,000 operational roles. Furthermore, Ta'ziz signed a deal with Alpha Dhabi in May, targeting $10 billion in capital investment for its new industrial chemicals ecosystem. ## Production Capacity Goals Once the first phase is completed at the end of 2028, the Ta'ziz industrial zone is set to produce 4.7 million tonnes per annum of chemicals. This output includes low-carbon ammonia, methanol, and PVC. These products are central to the UAE's broader economic diversification objectives and the establishment of a globally competitive industrial ecosystem. ## Future Growth Trajectory Having secured over $3.39 billion in total financing this year, Ta'ziz is accelerating its delivery phase. The current progress in Ruwais demonstrates the company's ability to attract international capital for complex infrastructure. As construction continues, the focus shifts toward operational readiness and integrating these facilities into the global chemical supply chain by 2028. ## Sources covering this story - https://www.thenationalnews.com/business/2026/11/04/abu-dhabis-taziz-raises-139bn-for-two-ruwais-projects/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._