Ta’ziz finalises $1.39bn funding for Ruwais industrial facilities
Arabian Post Staff -Dubai Abu Dhabi’s Ta’ziz has completed $1.39 billion (Dh5.1 billion) in financing for a chemicals terminal and an ammonia plant in Ruwais, with both transactions attracting commitments above the amounts sought. The company announced the financial close on Wednesday at the Adipec 2026 energy exhibition. More than $928 million was arranged for the Ta’ziz Terminal project,…
Ta'ziz has successfully secured $1.39 billion (Dh5.1 billion) in financing for its Ruwais industrial facilities, including a chemicals terminal and an ammonia plant. The transactions, announced at the Adipec 2026 energy exhibition, exceeded the amounts initially sought. Over $928 million was allocated to the Ta'ziz Terminal project, with $225 million coming from Islamic financing.
The Ta'ziz Ammonia project attracted more than $460 million in funding. This brings total financing secured for Ta'ziz's developments to over $3.39 billion, following a $2 billion package for a methanol plant announced earlier in the year. The funding will support the construction of production and export infrastructure within the Ta'ziz Industrial Chemicals Zone in Al Ruwais Industrial City.
The terminal, being developed by a joint venture between Abu Dhabi National Oil Company (Adnoc) and Advario Star Energy, is designed to handle liquid chemical storage and exports. The ammonia plant, owned by a partnership involving Ta'ziz, Fertiglobe, Japan's Mitsui & Co, and South Korea's GS Energy, is intended to become one of the region's largest facilities, producing one million tonnes of ammonia annually.
The financing, structured as long-term, non-recourse arrangements, attracted commitments from nine regional and international banks for the terminal and seven banks for the ammonia plant.
Written by urgent.news from Arabian Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
