TA’ZIZ, a chemicals derivatives company, and Reliance Industries, an Indian multinational conglomerate company, agreed to form a $2bn joint venture. “This joint venture between Reliance Industries Limited and TA’ZIZ will further cement the long standing and valued relationship between India and the UAE. We are happy that we will be setting up the first projects in the vinyl chain in the UAE at TA’ZIZ Industrial Chemicals Zone, which is being developed into a global hub for chemicals,” Mukesh Ambani, Reliance Industries Chairman and Managing Director.