The latest deal with the ADQ-led group adds to other partnerships built by ADNOC with local and international partners in Al Ruways. These include TA'ZIZ, which has signed agreements with a number of international partners including Reliance Industries, Fertiglobe, Mitsui and GS Energy. Al Ruways is also home to Borouge, the petrochemical company in which ADNOC owns 54% and Borealis has 36%, and which listed 10% of its total issued share capital on ADX. It marked Abu Dhabi's largest IPO to date.