Tubacex Group, a global leader in advanced industrial solutions for energy and mobility, has finalized a USD 200 mln strategic partnership with Mubadala Investment Company, Abu Dhabi’s sovereign investor, in its Oil Country Tubular Goods (OCTG) business.
Mubadala’s investment aligns with the UAE’s “Make it in the Emirates” initiative, aimed at advancing local industry and technology. The partnership also positions Mubadala as a key supplier of corrosion-resistant alloy (CRA) OCTG solutions for gas exploration and production, supporting the global energy transition.
This collaboration enhances local manufacturing capabilities and complements Tubacex’s long-term contract with ADNOC, its largest to date. Signed in 2022, the deal involves supplying over 30,000 tons of gas extraction solutions across ten years in the Middle East.
Tubacex’s leadership in the CRA OCTG segment, reinforced by long-term agreements, will grow further with the launch of its new CRA OCTG finishing and threading plant in Abu Dhabi, the first of its kind in the region.
Tubacex, a multinational leader in the supply of seamless stainless steel, high-nickel alloy, and nickel superalloy tubular products, is headquartered in Spain. With a global presence, Tubacex operates 20 production plants across four continents, including Spain, Austria, Italy, the USA, India, Thailand, Saudi Arabia, Dubai, Norway, Canada, Singapore, Guyana, and Kazakhstan. Additionally, the company maintains service centers and sales offices worldwide.
