The Abu Dhabi National Oil Company (Adnoc) and ADQ, a leading state fund, unveiled on Tuesday their new joint venture initiative Ta’ziz, which envisages a $5 billion investment in the first phase of development in the upcoming Ruwais Derivatives Park. In a statement, both companies said Ta’ziz would drive the development of industrial projects within the park and act as a catalyst for the UAE’s economic diversification and technology-led growth ...