Middle East Economic Survey
VOL. LII
No 8
23-Feb-2009
UAE
Abu Dhabi Sets Up National Petrochemicals Company
UAE President and Ruler of Abu Dhabi Shaikh Khalifah bin Zayid Al Nuhayyan has issued a law establishing Abu Dhabi National Chemicals Company (ADNCC), a joint venture capitalized at Dh500mn ($136mn) and owned 40% by International Petroleum Investment Company (IPIC), 40% by Abu Dhabi Investment Council (ADIC) and 20% by the Abu Dhabi National Oil Company (ADNOC). IPIC, which is wholly-owned by...
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