Advario to acquire a minority stake in TA'ZIZ from ADNOC and ADQ.

Advario, a liquid storage logistics agreed to acquire a minority stake in TA'ZIZ, a developer of industrial projects from ADNOC, a state-owned energy group, and ADQ, an investment and holding company. Financial terms were not disclosed. “Advario is proud to be partnering with ADNOC to support the development of key infrastructure within the TA’ZIZ ecosystem. This collaboration will perfectly align with our commitment to being partners for progress, advancing sustainable and innovative infrastructure solutions across the energy and chemical sectors,” Bas Verkooijen, Advario CEO.