Ta'ziz has signed AED 104.6bn in global offtake and feedstock agreements to expand chemicals production and strengthen UAE industrial supply chains.
The agreements include deals with ADNOC, Proman, Emirates Global Aluminium and Mitsubishi Corporation across methanol, caustic soda and PVC-related products. Contract terms range from five to 25 years.
Ta’ziz Industrial Zone is expected to produce 4.7 million tonnes annually by 2028, including ammonia, methanol and PVC products.
The UAE’s industrial sector contribution has reached AED 200 billion since Operation 300bn launched, while industrial exports have climbed to AED 262 billion.
Gulf Economist Staff Writer