TA’ZIZ, a joint venture between ADNOC and ADQ, has awarded a $1.99 billion Engineering, Procurement and Construction (EPC) contract to China National Chemical Engineering & Construction Corporation Seven, Ltd. (CC7). The contract is for constructing the UAE's first integrated, single-site polyvinyl chloride (PVC) production complex, which will be one of the top three largest globally. The Phase 1 ecosystem is expected to contribute $50 billion to the national economy and create 26,000 jobs.