{
  "id": 18140491,
  "title": "Abu Dhabi's Ta'ziz raises $1.39bn for two Ruwais projects",
  "url": "https://urgent.news/2026/11/04/abu-dhabis-taziz-raises-1-39bn-for-two-ruwais-projects",
  "topic": "world",
  "section": "World",
  "published": "2026-11-04T14:58:44.000Z",
  "source": {
    "name": "The National UAE",
    "slug": "the-national-uae",
    "url": "https://www.thenationalnews.com/business/2026/11/04/abu-dhabis-taziz-raises-139bn-for-two-ruwais-projects/"
  },
  "original_language": "en",
  "account": "Abu Dhabi's Ta ziz has successfully raised $1.39 billion to fund two major projects in Ruwais, both of which have been oversubscribed. The terminal project, a collaboration between Adnoc and Advario Star Energy, has garnered over $928 million, including $225 million in Islamic financing. Meanwhile, the ammonia project, a venture between Ta ziz, Fertiglobe, Mitsui, and GS Energy, has raised more than $460 million. Ta ziz, established in 2020 by Adnoc and Abu Dhabi's investment and holding company ADQ, focuses on manufacturing, industrial services, logistics, and utilities to support chemical and transition fuel production. The Ta ziz industrial zone aims to produce 4.7 million tonnes per annum of chemicals once the first phase is completed in late 2028, including low-carbon ammonia, methanol, and PVC. The latest financing round follows a $2 billion deal secured in April for the methanol project. Ta ziz CEO Mashal Al Kindi highlighted the strong confidence of international investors and lenders in the company and Abu Dhabi's industrial vision. Both projects are progressing well, with 90% and 70% of the engineering, procurement, and construction works completed for the ammonia and terminal projects, respectively. The ammonia facility is also well advanced. The first phase of the Ta ziz ecosystem is expected to contribute $50 billion to the UAE economy, generating 20,000 construction jobs and 6,000 operational roles. Recently, Ta ziz signed an agreement with Alpha Dhabi for $10 billion in capital investment in its new industrial chemicals ecosystem.",
  "summary": "Abu Dhabi's Ta'ziz has raised $1.39 billion for two projects in Ruwais, with both transactions oversubscribed as the emirate's industrial growth strategy progresses . The terminal project raised more than $928 million, including $225 million of Islamic financing, while over $460 million has been raised for the ammonia project, the company said in a statement on Wednesday. The terminal project, a…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}