Abu Dhabi - Mubasher: Alpha Dhabi Holding will invest around AED 1 billion in the Abu Dhabi Chemicals Derivatives Company (TA’ZIZ) as part of the company's expansion plans.
This investment is in line with the company's strategy to invest AED 8 billion in key sectors inside and outside the UAE, including real estate, hospitality, healthcare, and petrochemicals, according to a press release on Sunday.
Abu Dhabi-based Chimera Capital has advised Alpha Dhabi Holding in its investment in the TA’ZIZ investment platform.
The Managing Director and CEO of Alpha Dhabi Holding, Hamad Salem Mohamed Al Ameri, said: "TA’ZIZ and its operations in the UAE represent an excellent investment opportunity for Alpha Dhabi Holding, complementing as it does our organisation’s strategic diversification across highly promising growth opportunities, especially as the company is successfully active in our core businesses of agriculture, energy, healthcare, pharmaceuticals, construction and the heavy transport and chemical industry sectors."
It is noteworthy to mention that last week, TA’ZIZ signed investment agreements with eight local investors, including Alpha Dhabi Partners Holding, to acquire up to a 20% stake in a portfolio of chemicals projects worth AED 15 billion ($4 billion).
