Dubai: TA’ZIZ has secured $2 billion in financing for the UAE’s first world-scale methanol plant, moving one of Abu Dhabi’s major industrial projects closer to production and strengthening the country’s push to build more chemicals and manufacturing capacity at home. The financing was announced at Make it in the Emirates 2026 and covers the TA’ZIZ Methanol Company, a joint venture between TA’ZIZ and Proman. The plant is being developed in Al Ruwais Industrial City and is targeted for completion in 2028. The transaction was significantly oversubscribed, signalling strong interest from global lenders in Abu Dhabi’s industrial growth strategy and the Ruwais chemicals platform. Financing backed by 11 banks The package includes a five-year $1.8 billion conventional syndicated loan and a $200 million Islamic facility. TA’ZIZ said both facilities were priced in line with international benchmarks, reflecting the project’s credit profile and execution plan.…