Reliance, TA'ZIZ to invest $2 bn in petchem unit in Abu Dhabi
Billionaire Mukesh Ambani's Reliance Industries on Tuesday said it will in partnership with Abu Dhabi Chemicals Derivatives Company RSC Ltd (TA'ZIZ) invest USD 2 billion in setting up a petrochemical production facility in the UAE.
The oil-to-telecom conglomerate will join the recently-formed TA'ZIZ joint venture of Abu Dhabi state energy giant ADNOC and state holding company ADQ for developing the facility at Ruwais in western Abu Dhabi. Read more.
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