TA’ZIZ Secures AED 5.1 Billion Financing Involving Chinese Banks for Ruwais Projects

Industrial chemicals company TA'ZIZ has completed an AED 5.1 billion ($1.39 billion) debt financing package for two projects in Ruwais, Abu Dhabi. The six-year term loan syndicate includes commercial lenders from China, Kuwait, Spain, and Singapore, with Sumitomo Mitsui Banking Corporation acting as financial advisor. The funding supports the construction of a low-carbon ammonia facility and an export chemicals terminal.

Published November 5, 2026 Source: Emirates News Agency

English Original
中文 Chinese version
العربية Automatic translation

Illustration

Industrial chemicals firm TA'ZIZ has finalized an AED 5.1 billion ($1.39 billion) debt financing package to fund two core infrastructure projects in Ruwais, Abu Dhabi, according to the Emirates News Agency.

Sumitomo Mitsui Banking Corporation served as the exclusive financial advisor for the transaction, syndicating a six-year term loan facility. The syndicate comprises seven major commercial banks representing China, Kuwait, Spain, and Singapore.

The financing will be utilized to support ongoing construction work for a world-scale low-carbon ammonia production plant as well as a specialized export chemicals terminal in Ruwais.

According to the report, the deal highlights expanding cross-border financial and investment cooperation between Chinese banking institutions and industrial infrastructure developments in the United Arab Emirates.