Reported information
Ta’ziz announces $1.39 billion financing for two Ruwais projects
Ta’ziz announced on 4 November 2026 the financial close of $1.39 billion for a chemicals terminal and an ammonia plant in Ruwais, UAE.
The company says the terminal secured more than $928 million, including $225 million in Islamic financing. The ammonia plant receives more than $460 million and targets annual capacity of one million tonnes.
Ta’ziz puts engineering, procurement and construction progress above 90% for ammonia and around 70% for the terminal. The financing announcement therefore does not mean both facilities are already operating.