Abu Dhabi National Oil Logistics and Services Company recently announced that it will invest over $300 million in the Ta'ziz Chemical Industrial Zone in Ruwais to build the region's first dedicated chemical port. This important infrastructure project is expected to be completed in the fourth quarter of 2026, with a lease term of 50 years, and is expected to generate over $1.3 billion in revenue for the local area over the next 27 years.

Ta'ziz Chemical Industrial Zone is a joint venture established by Abu Dhabi National Oil Company and Abu Dhabi Sovereign Fund ADQ, dedicated to promoting the improvement and development of the local chemical industry chain. According to its strategic plan, Ta'ziz aims to achieve an annual output of 4.7 million tons of chemical products by the end of 2028, covering important chemical raw materials such as methanol, low-carbon ammonia, and caustic soda.

The CEO of the company, Mashal Al Kindi, stated that the construction of this specialized chemical port will significantly enhance the export efficiency and scale of chemical products, providing key support for the UAE to build a world-class chemical industry. After the completion of the port, it will effectively optimize the logistics and transportation of local chemical products, reduce operating costs, and enhance the competitiveness of products in the international market.

The implementation of this project is one of Abu Dhabi's important measures to promote economic diversification, marking substantial progress in the local chemical industry layout and regional energy hub construction. The construction of specialized chemical ports will further improve the supporting facilities of the local chemical industry chain, create favorable conditions for attracting more international chemical enterprises to invest, and also create more employment opportunities for the local area, promoting sustainable regional economic development. Editor/Yang Beihua