Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company PJSC (TAQA) have signed an agreement to construct the world-class utilities for TA’ZIZ, the new world-scale chemicals production hub and globally competitive industrial ecosystem currently under development at Ruwais, Abu Dhabi, according to ADNOC’s press release.
This agreement brings together Taqa and Adnoc expertise and skills to enhance the attractiveness of Ta’ziz projects and strengthen the value proposition for investors. TA’ZIZ will boost the UAE’s broader economic growth and industrial diversification, with chemicals production expected starting from 2025.
Under the terms of agreement, ADNOC and TAQA will jointly develop the power, steam, cooling, demineralized and waste water services to enable chemicals projects within the TA’ZIZ ecosystem.
Khaleefa Al Mheiri, Acting CEO of TA’ZIZ, said: “Through the partnership between ADNOC and TAQA and related enabling investments in TA’ZIZ, we are well-placed to further strengthen our position as a world-scale chemicals and industrial hub and top destination for foreign direct investment, leveraging technology to further grow the UAE’s advanced manufacturing base.”
Farid Al Awlaqi, Executive Director of Generation at TAQA Group, said: “We look forward to partnering with ADNOC on such an important project for Abu Dhabi that will be serving a multitude of industries, with both local and international market players.”
Contracts have been awarded for the first stages of development for the Ta’ziz site, and work is already under way. This includes previously completed geotechnical and topographical surveys, a marine bathymetric survey and health, safety and environment impact assessments. The surveys will allow civil engineering works to prepare the Ta’ziz site for construction as well as dredging for an entirely new port facility.