Mazrui International has signed a Memorandum of Understanding (MoU) with Bazan Group, which is the largest refining and petrochemicals conglomerate in Israel.
The MoU establishes a joint venture company between Bazan and Mazrui, enabling the latter to provide the Israeli market with vital polymers, such as high-density polyethylene (HDPE) and linear low-density polyethylene (LLDPE), neither of which are produced in Israel.
Mazrui and Bazan are in the vanguard of businesses in the UAE and Israel that have been taking advantage of the historic Abraham Accords, which has allowed previously unreachable markets now to open for business.
As a local Emirati owned company, Mazrui International fully supports the UAE government’s aim to create a “peace-belt” between Israel and the UAE, and looks forward to a long and successful relationship with Bazan Group.
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