ABU DHABI: ADNOC Logistics & Services (ADNOC L&S) has signed a 50-year strategic agreement with chemicals producer TA’ZIZ to establish the United Arab Emirates’ first dedicated chemicals port in Ruwais, the companies said on Thursday.
The pact, valued at over $300 million, will see ADNOC L&S build, own and operate the port at the TA’ZIZ Industrial Chemicals Zone, with completion scheduled for the fourth quarter of 2026.
The port is projected to generate more than $1.3 billion in revenue for ADNOC L&S over the first 27 years of operation, providing long-term, predictable earnings, the companies said.
For TA’ZIZ, which is developing the UAE’s first integrated chemicals ecosystem, the facility is critical for efficiently exporting its products to fast-growing markets in Asia and Africa. TA’ZIZ is expected to produce 4.7 million tonnes per annum (MTPA) of chemicals by the end of 2028.
“This strategic agreement… will provide ADNOC L&S long-term, predictable revenue while supporting TA’ZIZ’s growing chemicals ecosystem,” said Captain Abdulkareem Al Masabi, CEO of ADNOC L&S.
The project is a cornerstone of state energy giant ADNOC’s strategy to strengthen the UAE’s domestic chemicals value chain and drive economic diversification beyond crude oil exports. The broader TA’ZIZ complex is expected to contribute billions of dollars to the UAE’s GDP and create thousands of jobs.
“This dedicated chemicals port will enable us to export our products efficiently and at scale, supporting the UAE’s ambition to establish a world-scale chemicals industry,” said Mashal Al-Kindi, CEO of TA’ZIZ.
The new port will feature three berths and shore-to-ship power, allowing vessels to connect to the local electricity grid to reduce emissions while docked.