TA'ZIZ announced at ADIPEC 2026 the financial close of USD 1.39 billion (AED 5.10 billion) in financing for two strategic projects in Ruwais. Both transactions were oversubscribed, which the company said reinforces international investor confidence in TA'ZIZ, Abu Dhabi's industrial growth strategy and the UAE's position as a leading destination for long-term infrastructure investment.

Financial Details

Out of the total financing, more than USD 928 million (AED 3.41 billion) has been secured for the TA'ZIZ Terminal project, including USD 225 million (AED 826 million) of Islamic financing.

Over USD 460 million (AED 1.69 billion) has been raised for the TA'ZIZ Ammonia project. The announcement follows the USD 2 billion (AED 7.34 billion) financing secured in April by TA'ZIZ for its methanol project.

The Two Projects in Ruwais

The TA'ZIZ Terminal project is a joint venture between ADNOC and Advario Star Energy. It will serve as the primary logistics gateway for the TA'ZIZ Industrial Chemicals Zone, providing liquid chemical storage capacity and export capabilities to regional and international markets.

The TA'ZIZ Ammonia project is a joint venture between TA'ZIZ, Fertiglobe, Mitsui & Co., Ltd. and GS Energy Corporation. The project is developing one of the largest ammonia production facilities in the region, with a capacity of 1 million tonnes per annum (mtpa).

Leadership Commentary

Mashal Saoud Al-Kindi, TA'ZIZ CEO and Chairman of both the TA'ZIZ Terminal and Ammonia projects, said the successful financing of the two projects marks another major milestone in the delivery of the TA'ZIZ Industrial Chemicals Zone.

He noted that securing more than USD 3.39 billion (AED 12.44 billion) across the portfolio, including the methanol financing announced in April, demonstrates the strong confidence that international investors and lenders have in TA'ZIZ, its partners and Abu Dhabi's long-term industrial vision.

According to Al-Kindi, the projects will play a critical role in establishing a globally competitive chemicals and industrial ecosystem in Ruwais while supporting the UAE's economic diversification objectives.

Bas Verkooijen, CEO of Advario, said the strong response from lenders reflects the quality of the project and the confidence the market has in the TA'ZIZ ecosystem. He described securing long-term, non-recourse financing on these terms as a significant milestone for a facility of this scale, allowing construction to progress with certainty.

Ahmed El-Hoshy, CEO of Fertiglobe, said reaching the milestone on competitive terms reflects the discipline the partners have brought to the project since the final investment decision.

He said the 1 mtpa facility is well advanced and the financing underpins the final phase of delivery, calling it an efficient use of structuring to enhance shareholder returns and another step in Fertiglobe's strategy to grow its lower-carbon ammonia platform alongside ADNOC, TA'ZIZ and its partners in Ruwais.

Banking Arrangements

Mitsubishi UFJ Financial Group (MUFG) acted as financial advisor on the Terminal financing, bringing together nine regional and international banks on a long-term non-recourse deal. Sumitomo Mitsui Banking Corporation (SMBC) acted as exclusive financial advisor for the Ammonia financing, bringing together seven banks from China, Kuwait, Spain and Singapore for a six-year term facility.

Construction Progress Across the Portfolio

Construction and development activities continue to advance across the TA'ZIZ portfolio, with both the ammonia and terminal projects progressing towards key project milestones.

The Engineering, Procurement and Construction (EPC) works for the ammonia project, awarded to Tecnimont, are more than 90% complete. The EPC works for the terminal, awarded to Rotary Engineering, are around 70% complete.

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