RIL to invest in Abu Dhabi’s mega petrochem project; report says Mukesh Ambani may pump in $1.5 billion
Billionaire Mukesh Ambani’s Reliance Industries has signed a pact to invest an undisclosed amount in a giant petrochemical hub being built in the UAE.
The oil-to-telecom conglomerate will join the recently-formed Ta’ziz joint venture of Abu Dhabi state energy giant Adnoc and state holding company ADQ for developing the Ruwais Derivatives Park in western Abu Dhabi.
