Abu Dhabi Holding signs MoU for development of downstream petrochemicals production

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About Abu Dhabi Holding (ADH):
Abu Dhabi Holding (ADH) is a well-established investment & holding company, founded by a large group of Abu Dhabi's prominent and respected local families. With significant investments in projects in a variety of vibrant economic sectors including education, infrastructure, services and industry, its mandate is clear. It is determined to consistently expand and develop its portfolio in order to continue to help build the United Arab Emirates' economy and offer attractive growth and high return to its esteemed shareholders.

Currently, Abu Dhabi Holding is taking definitive steps towards its growth goal. In this capacity, it will identify opportunities to strategically diversify its portfolios as well, as the scope of its investment activities. With its headquarters located in Abu Dhabi, the dynamic capital city of the UAE, Abu Dhabi Holding is well-positioned to take a leading role in the economic and social development of Abu Dhabi, the UAE and the Middle East.

About Abu Dhabi Basic Industries Corporation (ADBIC):
Abu Dhabi Basic Industries Corporation (ADBIC) is an industrial development and investment company created to facilitate the expansion of sustainable industry in Abu Dhabi, the capital of the United Arab Emirates. Established in 2007, ADBIC is wholly-owned by the Abu Dhabi Government's General Holding Corporation (GHC) and focuses on the base metals (aluminum, steel and copper), petrochemical and other industrial sectors.

ADBIC acts as a catalyst for building a globally-competitive core of commercially-viable industrial activity through public-private partnerships across the industrial value chain, linking upstream, midstream and downstream sectors. Our current investments include: Emirates Steel Industries, the largest integrated steel plant in the UAE, and Abu Dhabi Polymers Park, the first industrial zone in the UAE dedicated to the plastics conversion industry.