TA’ZIZ, meaning advancement, strengthening, or creating a foundation, is an investment platform for Abu Dhabi’s chemicals and advanced manufacturing sectors.
Incorporated at Abu Dhabi Global Market in October 2020 as a joint venture between Abu Dhabi National Oil Company (ADNOC), one of the world’s leading diversified energy and petrochemicals groups, and ADQ, Abu Dhabi’s largest industrial holding company, TA’ZIZ is laying the groundwork for Abu Dhabi’s next phase of technology-driven industrial growth.
TA’ZIZ combines the strengths of ADNOC and ADQ to create a unique platform that will act as a key driver and catalyst for the UAE’s industrial development and economic diversification. Our new partnership will strengthen our position as a globally competitive petrochemicals hub and destination for foreign direct investment, leveraging technology to further grow the UAE’s advanced manufacturing base.
The creation of TA’ZIZ embodies the strategy and aspirations of both joint venture partners, not only in contributing to and diversifying the key industrial component of the UAE’s future economy, but also in forging local collaborations needed to achieve such important developmental milestones. With companies such as Abu Dhabi Ports, Abu Dhabi National Energy Company (TAQA), Etihad Rail, Emirates Steel, DUCAB and Arkan, ADQ has much to bring to this joint venture, and we will fulfil the trust invested in us to ensure the success of TA’ZIZ.
The Chairman of the TA’ZIZ Board is Khaled Salmeen (ADNOC), with Ahmed Jasem Al Zaabi (ADNOC), Omar Suwaina Al Suwaidi (ADNOC), Nabeel Qadir (ADQ), and Hamad Al Hammadi (ADQ) being appointed as Board members. Khaleefa Yousef Al Mheiri (ADNOC) is appointed Acting Chief Executive Officer.