ADNOC and TAQA sign a 27-year Utilities Purchase Agreement to support TA’ZIZ Industrial Chemicals Zone in Ruwais Industrial City. The deal includes construction and offtake services for a central utilities platform supplying electricity, steam, cooling, and water. TA’ZIZ aims to produce 4.7 million tonnes of chemicals annually from 2028, enhancing Ruwais’s competitiveness in chemical manufacturing.

The agreement provides infrastructure certainty for TA’ZIZ as it progresses towards becoming one of the Middle East’s largest chemical hubs. By securing centralized utilities, the project reduces risks for downstream investors and positions Ruwais as an attractive location for energy-intensive manufacturing. Reliable access to utilities is crucial for world-scale chemical plants.

TAQA’s role in enabling industrial growth is reinforced by the deal, adding a stable-demand asset to its Generation business portfolio. The utilities platform at TA’ZIZ complements TAQA’s projects in the UAE and Saudi Arabia. The move towards chemicals and value-added manufacturing by national oil companies, like ADNOC, seeks to mitigate long-term oil demand uncertainty and support domestic industrialization.

Once operational, TA’ZIZ is expected to diversify the UAE economy, strengthen non-oil GDP, and establish new supply chains for chemicals and lower-carbon fuels. The utilities agreement is a significant step towards realizing these ambitions and transforming them into actionable projects that contribute to economic growth and sustainability.

Read more at Yahoo Finance: ADNOC and TAQA Seal 27-Year Utilities Deal for Ruwais Chemicals Hub