ADNOC Logistics & Services and TA’ZIZ will establish a dedicated chemicals port, valued at over US$300 million, at the TA’ZIZ Industrial Chemicals Zone in Al Ruwais.
The two Abu Dhabi-based companies have entered a 50-year agreement, under which ADNOC L&S will build, own and operate the port, while TA’ZIZ will leverage the facility to export chemicals and their derivatives.
ADNOC L&S, TA’ZIZ to build chemicals port
The port is scheduled for completion in the fourth quarter of 2026 and is projected to generate more than US$1.3 billion in revenue for ADNOC L&S over the first 27 years.
Captain Abdulkareem Al Masabi, CEO of ADNOC L&S, commented: “This strategic agreement for a first-of-its-kind dedicated chemicals port will provide ADNOC L&S long-term, predictable revenue while supporting TA’ZIZ’s growing chemicals ecosystem.
“The project demonstrates our ability to expand into high-growth sectors and deliver sustainable value for shareholders, while advancing the UAE’s industrial growth.”
Mashal Al-Kindi, CEO of TA’ZIZ, added: “With TA’ZIZ strategically located close to fast-growth markets in Asia and Africa, this dedicated chemicals port will enable us to export our products efficiently and at scale, supporting the UAE’s ambition to establish a world-scale chemicals industry.
“Partnering with ADNOC L&S on this important project will ensure the port is built, operated and scaled to enable reliable logistics services and revenue for TA’ZIZ.”
Founded in 2020 as a joint venture between ADNOC and ADQ, TA’ZIZ, drives, supports, and enables the production of transition fuels and new products across the chemicals value chain for ADNOC. It is developing the UAE’s first integrated chemicals ecosystem and, by the end of 2028, will be producing 4.7 million tons per annum of chemicals, including methanol, low-carbon ammonia, caustic soda, ethylene dichloride (EDC), vinyl chloride monomer (VCM) and polyvinyl chloride (PVC).
The company is expected to contribute significantly to the UAE economy and create thousands of jobs. It will also unlock hundreds of new end-products across critical industries such as construction, agriculture and healthcare.
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