Mubadala, Tubacex launch TBX Nexxia OCTG platform in Abu Dhabi
The platform has an annual production capacity of around 20,000 tonnes of CRA OCTG and is expected to support regional energy infrastructure projects
05 May, 2026
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Mubadala Investment Company and Tubacex Group on Tuesday announced the operational launch of their joint venture in Abu Dhabi, activating a regional manufacturing platform for advanced oil country tubular goods (OCTG) used in energy infrastructure.
The launch, announced during Make it in the Emirates 2026, includes the rollout of TBX Nexxia, a new brand representing Tubacex’s corrosion-resistant alloy (CRA) OCTG offering, delivered through an integrated end-to-end industrial platform.
The facility, located in Abu Dhabi’s ICAD industrial zone, is focused on producing corrosion-resistant tubular solutions designed for complex and high-performance energy applications.
It is supported by Tubacex’s existing manufacturing assets in Spain and Brazil, forming a global supply platform spanning materials design, production, finishing and technical services.
The project marks the implementation of a partnership first announced in 2024, which included a $200m investment to establish the Abu Dhabi-based platform.
Abu Dhabi National Oil Company (ADNOC) is acting as a cornerstone client, awarding long-term contracts for the supply of CRA tubulars used in gas extraction and production.
Read: ADNOC plans Dhs200bn in project awards through 2028 to expand growth strategy
The companies said the facility would help strengthen supply chain resilience by localising production of specialised materials, reducing reliance on overseas processing and improving delivery timelines for energy projects.
Mubadala is committed to building key industries
“This project reflects Mubadala’s long-term commitment to building strategic industries that strengthen national resilience and economic competitiveness,” said Dr Bakheet Al Katheeri, CEO of Mubadala’s UAE Investments platform.
Tubacex CEO Josu Imaz said TBX Nexxia consolidates the company’s CRA OCTG offering under a single platform anchored in Abu Dhabi, with integrated capabilities across multiple geographies.
ADNOC said the development supports its In-Country Value programme, which aims to expand domestic manufacturing and industrial capacity in the UAE.
The platform has an annual production capacity of around 20,000 tonnes of CRA OCTG and is expected to support regional energy infrastructure projects, including applications in both conventional and lower-carbon energy systems.
The launch comes as the UAE pushes to expand its industrial base under initiatives such as Operation 300bn, aimed at increasing the sector’s contribution to the national economy.























