Adnoc and Tasweeq Establish Specialized Chemical Port in Al Ruwais

ADNOC Logistics & Services and TA'ZIZ have signed a 50-year agreement to build the UAE's first specialized chemicals port in Ruwais. The $300 million project will generate over $1.3 billion in revenue for ADNOC Logistics during its first 27 years, while positioning the UAE as a major chemicals export hub to fast-growing Asian and African markets.

The deal gives ADNOC Logistics full ownership and operation of the port, scheduled for completion by late 2026. TA'ZIZ will use the facility to export chemicals from what will become the UAE's first integrated chemicals complex, capable of producing 4.7 million tons annually by 2028.

This partnership addresses a critical infrastructure gap in the Middle East's chemicals industry. The region produces massive amounts of petrochemicals but has lacked specialized export facilities. The new port will handle methanol, low-carbon ammonia, caustic soda, and various vinyl compounds - all essential materials for construction, agriculture, and healthcare industries.

The timing makes business sense. Global chemicals demand is shifting toward Asia and Africa, where growing populations and industrialization are driving consumption. The UAE's geographic position between these markets and major oil producers gives it a natural advantage.

"This strategic agreement to establish the first specialized chemicals port of its kind in the UAE represents an important step toward achieving long-term and predictable revenues," said Captain Abdulkarim Al Masabi, CEO of ADNOC Logistics & Services. The project also supports the company's expansion into fast-growing sectors while contributing to the country's industrial development.

For TA'ZIZ, the port solves a major logistics challenge. The company is building an integrated chemicals ecosystem that will add billions to the national economy and create thousands of jobs. But without proper export infrastructure, much of that value would be lost.

"Thanks to its strategic location near the fastest-growing markets in Asia and Africa, the TA'ZIZ chemicals port will enable the company to export its products efficiently and on a large scale," said Mushal Saoud Al Kindi, CEO of TA'ZIZ.

The project includes centralized facilities, storage terminals, raw material supply lines, and comprehensive infrastructure covering roads, emergency response systems, and health and safety management. This integrated approach should provide operational efficiency that standalone facilities can't match.

The 50-year contract structure reflects confidence in long-term chemicals demand and the UAE's industrial diversification strategy. It also shows how state-owned companies are partnering to build specialized infrastructure that private developers might find too risky or capital-intensive.