{"id":114848,"date":"2026-05-06T00:00:00","date_gmt":"2026-05-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/menaplus\/?p=114848"},"modified":"2026-05-06T06:23:24","modified_gmt":"2026-05-06T06:23:24","slug":"taziz-locks-in-deals-worth-nearly-usd-29-bn-giving-the-uaes-industrial-localization-drive-a-huge-boost","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/06\/taziz-locks-in-deals-worth-nearly-usd-29-bn-giving-the-uaes-industrial-localization-drive-a-huge-boost\/","title":{"rendered":"Ta\u2019ziz locks in deals worth nearly USD 29 bn, giving the UAE\u2019s industrial localization drive a huge boost"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Make it in<\/strong><strong> the Emirates continues to make headlines across the region<\/strong> (it\u2019s a massive message from Abu Dhabi to Riyadh and the world) and the second Gulf IPO since the war broke out proves some investors still have appetite for fresh paper. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UP FIRST- Ta\u2019ziz locked in deals worth USD 28.5 bn (AED 104.6 bn)<\/strong> with the Adnoc-ADQ Ruwais JV <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/taziz-announces-agreements-valued-at-285bln-at-make-it-in-the-emirates-to-expand-uaes-chemicals-ecosystem-qvqgivgy\" style=\"\"><\/a><a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/taziz-announces-agreements-valued-at-285bln-at-make-it-in-the-emirates-to-expand-uaes-chemicals-ecosystem-qvqgivgy\" style=\"\">signing long-term sales, feedstock, and offtake<\/a> sales running from five to 25 years across methanol, PVC, EDC, VCM, caustic soda, salt, and natural gas. It\u2019s the single biggest commercial commitment to come out of the 2026 edition of the gathering. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters: <\/strong>The sovereign-backed JV is locking in Asian and Western sales for the coming two decades, taking a huge step toward locking in its industrial localization thesis with long-dated contracts well before the plant event gets built in the Ta\u2019ziz Industrial Chemicals Zone, which aims to have 4.7 mtpa in combined output by 2028 <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Big-name <\/strong><strong>counterparties<\/strong><strong> include Mitsubishi, Mitsui, India\u2019s Sanmar Group<\/strong>, Switzerland\u2019s Proman, Tricon, Vinmar, Sama Salt, and Emirates Global Aluminium. There\u2019s also a <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/244.pdf\" style=\"\">25-year agreement worth more than USD 5 bn for natural gas<\/a> with Adnoc Gas for the methanol plant. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The move came just after ADNOC said it would award AED 200 bn (USD 55 bn) in project <\/strong><strong>contracts<\/strong> to UAE-based suppliers over the next three years, as we noted on Monday. The message from Abu Dhabi is clear: Drones or not, we\u2019re building. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The second Gulf IPO since the war broke out proved that institutional investors still have <\/strong><strong>plenty of appetite for fresh paper in the region.<\/strong> Dar Al Balad Business Solutions <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/185.pdf\" style=\"\">priced its IPO<\/a> at the <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/ksa\/2026\/04\/27\/dar-al-balad-tests-wartime-appetite-for-tech-stocks\/\" style=\"\">top of its guiding range<\/a> at SAR 9.75 per share \u2014 implying a transaction size of around SAR 205 mn (USD 55 mn) \u2014 after the institutional book-build was 66.6x oversubscribed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The pricing values the company at SAR 682 mn (USD 182 mn)<\/strong>, equivalent to roughly 13.5x its 2025 net income of SAR 51 mn. That\u2019s not cheap for an IT services firm, but not out of line with the multiples Tadawul-listed tech names have been trading at.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we\u2019re watching for next: <\/strong>Berain, the bottled water player. The CMA gave it approval to head to market the same day Dar Al Balad published its prospectus.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Advisors: <\/strong>AlJazira Capital is sole financial advisor, lead manager and underwriter, with Emirates NBD on as joint bookrunner. Baker McKenzie is counsel. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IHC\u2019s 2PointZero posted its first full quarter as a merged entity<\/strong>, with <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/168.pdf\" style=\"\"><\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/168.pdf\" style=\"\">revenue jumping<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/168.pdf\" style=\"\">1,823% y-o-y to AED 9.9 bn<\/a> and net income hitting AED 2.3 bn at 30% margins. Mining accounted for 52% of revenues, followed by consumer (37%) and investments (12%). The group stayed acquisitive through the quarter \u2014 picking up 60.8% of Italy\u2019s Isem Packaging for AED 704 mn, signing a USD 2.3 bn agreement to acquire US-based Midstream Partners, and putting capital into Whoop\u2019s Series G.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also from IHC: <\/strong>Judan Financial converted Reem Finance into a community bank, after the Central Bank of the UAE <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/reembank-uae-aeqaeuaerabraezaeyaet-ugcPost-7457040328039047168-F4Xn\/\" style=\"\">granted Reem Bank a community banking license<\/a> targeting SMEs, fintechs, and digital wallets, led by ex-FAB banker Sara Al Binali. IHC stood up Judan earlier this year as a financial services platform spanning banking, asset management, and fintech, and has already taken a majority stake in Alpha Wave Global (giving it OpenAI and SpaceX exposure) and pushed into Indian lending via Sammaan Capital. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PIF-owned Halal Products Development Company (HPDC) <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/ksa\/2025\/11\/02\/pifs-hpdc-snaps-up-sadia-halal-for-usd-2-1-bn\/\" style=\"\">finalized<\/a><\/strong><strong> its SAR 8 bn <\/strong><strong>investment in Brazil-based MBRF\u2019s food platform Sadia Halal<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/halal-products-development-company-and-mbrf-announce-financial-closing-of-sadia-halal-transaction-youcz9z5\" style=\"\">press release<\/a>. The firm confirmed its commitment to hold a minimum 20% stake in Sadia, up from 10% previously. Sadia\u2019s regional headquarters will also reportedly relocate to the Kingdom.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Next stop: Tadawul. <\/strong>Sadia has already initiated the required steps and procedures for a potential listing on Tadawul, according to the presser. Meanwhile, HPDC has the option to increase its holding to up to 40% ahead of the anticipated IPO.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>LifePharma signed an MoU with AD Ports for an<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/lifepharma-announces-aed-700-million-kezad-manufacturing-platform-at-make-it-in-the-emirates-2026-emn9my97\" style=\"\"><\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/lifepharma-announces-aed-700-million-kezad-manufacturing-platform-at-make-it-in-the-emirates-2026-emn9my97\" style=\"\">AED 700 mn (USD 190 mn) pharma<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/lifepharma-announces-aed-700-million-kezad-manufacturing-platform-at-make-it-in-the-emirates-2026-emn9my97\" style=\"\">manufacturing<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/lifepharma-announces-aed-700-million-kezad-manufacturing-platform-at-make-it-in-the-emirates-2026-emn9my97\" style=\"\">platform<\/a><\/strong> at Khalifa Economic Zones Abu Dhabi, targeting vaccines, oncology, and advanced injectables including peptides and biologics. Ajman Bank is putting up financing. LifePharma also launched a separate <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/lifepharma-launches-aed-100mln-region-first-gene-therapy-initiative-targeting-rare-inherited-blood-disorders-mk9wy9v9\" style=\"\"><\/a><a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/lifepharma-launches-aed-100mln-region-first-gene-therapy-initiative-targeting-rare-inherited-blood-disorders-mk9wy9v9\" style=\"\">AED 100 mn gene therapy spin-off<\/a> \u2014 Equigene Therapeutics, targeting hemophilia and sickle cell \u2014in a bid to move up the value chain.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Green Sky Capital secured financing for its USD 200 mn SAF facility in Egypt\u2019s Ain <\/strong><strong>Sokhna<\/strong>, with the <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/177.pdf\" style=\"\"><\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/177.pdf\" style=\"\">Doha-headquartered firm<\/a> closing on USD 140 mn in debt and the balance in equity from sponsors Al Mana Holding and Saudi Vision Invest. Arab Energy Fund was the largest lender and co-mandated lead arranger, while Rothschild advised the borrower. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The offtake is locked in: <\/strong>SAFFly Egypt will produce 200k tons annually starting late 2027, with Shell Aviation <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b65740ad-cb3b-4471-851b-5db17513ad64\/\" style=\"\"><\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b65740ad-cb3b-4471-851b-5db17513ad64\/\" style=\"\">taking 100% of output<\/a>, as we noted last year. A project that looked like a sustainability play before the war now looks a lot more like a supply-security plan.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EFG Hermes\u2019 Egypt Education Platform is the latest education player to file for an EGX <\/strong><strong>listing<\/strong>, applying <a target=\"_blank\" href=\"https:\/\/www.egx.com.eg\/en\/newsdetails.aspx?NewsID=287636\" style=\"\"><\/a><a target=\"_blank\" href=\"https:\/\/www.egx.com.eg\/en\/newsdetails.aspx?NewsID=287636\" style=\"\">to list 199.4 mn shares<\/a> on the main market. Float size and primary-versus-secondary structure haven\u2019t been disclosed, but the bourse rule sets a 10% minimum, and EEP has six months to land a formal application. Timing is the story: education led the EGX\u2019s 14.2% April rally with a 51.7% monthly gain. EEP runs 25 K-12 and pre-K assets across Egypt. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ALSO WORTH KNOWING THIS MORNING<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>GameStop<\/strong> is courting <strong>GCC sovereign wealth funds<\/strong> to bridge the equity gap in CEO Ryan Cohen\u2019s <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/business\/deals\/gamestop-is-offering-to-buy-ebay-for-56-billion-ceo-ryan-cohen-says-fd330f5a\" style=\"\">USD 55.5 bn unsolicited takeover bid for eBay<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">The Gulf-funded <strong>Paramount-Warner Bros<\/strong> merger is meeting its first regulatory headwind, with FCC commissioner Anna Gomez <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/fcc-commissioner-seeks-rigorous-review-foreign-investment-warner-bros-deal-2026-05-05\/\" style=\"\">flagging<\/a> Paramount\u2019s bid to bypass statutory limits on foreign ownership of US broadcasting as a national security risk. The deal is backed by c. USD 24 bn from <strong>PIF<\/strong>, Abu Dhabi\u2019s <strong>L\u2019imad Holding<\/strong>, and other Gulf sovereign wealth funds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BinDawood<\/strong> got regulatory approval to acquire 51% of <strong>Vaza Food Company<\/strong> for SAR 217.9 mn after the <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=94899&anCat=1&cs=4161&locale=en\" style=\"\">General Authority for Competition issued a non-objection<\/a> certificate. It\u2019s part of the retailer\u2019s vertical integration play. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">In other M&A news, <strong>Adnoc Drilling<\/strong> <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/162.pdf\" style=\"\">completed its acquisition<\/a> of an 80% stake in <strong>MB Petroleum <\/strong><strong>Services<\/strong> (MBPS), a Muscat-based drilling and oilfield services provider, locking in a key leg of its regional expansion. The acquisition \u2014 closed ahead of schedule \u2014 lifts its fleet to 170 rigs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> Market Snapshot<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tadawul<\/strong> -0.75% \u2022 <strong>ADX<\/strong> -0.30% \u2022 <strong>DFM<\/strong> -0.88% \u2022 <strong>EGX30<\/strong> 1.12%<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Brent USD 109.87 \/ bbl \u2022 Gold USD 4,560 \/ oz \u2022 USD \/ SAR 3.75 \u2022 USD \/ EGP 53.82<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Plus: The second Gulf IPO since the war broke out is off the ground in Saudi<\/p>\n","protected":false},"author":1,"featured_media":114849,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2630],"tags":[2586,2613,2538,2629,2805,2628,2563,2562],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-114848","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets-deals","tag-capital-markets","tag-egypt","tag-enterpriseam","tag-ipo-watch","tag-ma-watch","tag-markets-deals","tag-saudi-arabia","tag-uae","wpautop","entry"],"acf":{"mongo_id":"e3e6cb1e-e0f9-420d-8234-81f7ac91e60b","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/3\/1053.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Hungry for more","related_issue":[114837],"teaser":"Plus: The second Gulf IPO since the war broke out is off the ground in Saudi"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ta\u2019ziz locks in deals worth nearly USD 29 bn, giving the UAE\u2019s industrial localization drive a huge boost - MENA+ Edition<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/06\/taziz-locks-in-deals-worth-nearly-usd-29-bn-giving-the-uaes-industrial-localization-drive-a-huge-boost\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ta\u2019ziz locks in deals worth nearly USD 29 bn, giving the UAE\u2019s industrial localization drive a 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