Al Masaood Group, one of Abu Dhabi’s leading business conglomerates, has joined the ‘TA’ZIZ’ project, becoming one of the first Emirati-owned private company to take part in the strategic project.
Launched in November 2020, TA’ZIZ is a critical enabler of the UAE’s industrial development ambitions. It is one of the joint projects of ADNOC and ADQ that targets the growth of the national industries and promotes the UAE’s economic diversification.
‘TA’ZIZ’ aims to drive and enable the expansion of the Ruwais Industrial Complex and Abu Dhabi’s chemicals, manufacturing, and industrial sectors.
‘TA’ZIZ’ comprises three zones and they are TA’ZIZ Industrial Chemicals Zone, the Light Industrial Zone, and the Industrial Services Zone. Al Masaood’s participation will primarily focus on the Light Industrial Zone, which supports the service industry.
“Al Masaood Group is proud to be among the leading national institutions to support the ‘TA’ZIZ’ project. We are honored to be a part of an initiative that bids to position the UAE as a leading destination for industrial investments. ‘TA’ZIZ’ is fundamental to changing the industrial sector and further strengthening the Emiratization program. It is essential to raise the global competitiveness of the local products and add value to the local manufacturing processes. In line with the directives of our wise leadership, Al Masaood Group will partner with leading public and private institutions and entities to achieve our country’s goals and ambitions, which include increasing the performance of the local industries and the national economy.”
“Further, the Group will help fast-track the country’s transition to a knowledge-based economy, in line with Abu Dhabi Economic Vision 2030. We are confident that ‘TA’ZIZ’ and ‘Make it in the Emirates’ will lead to a fundamental change within Al Masaood Group and the country’s industries as well,” Mr. Salmeen added.
Furthermore, the project will help boost Al Masaood’s Emiratization efforts and initiatives to train Emirati talents, thereby increasing its contributions to the National In-Country Value Program (ICV).
As part of ‘TA’ZIZ,’ Al Masaood Group will study the offers of light industrial services, including maintenance support, industrial processes, and facilities management solutions for the services and healthcare sectors. “The Group will also study the offer of products for the Ruwais Industrial Complex, with the possibility of establishing a facility within its Light Industrial Zone,” as per the statement.