• Launches TBX Nexxia as the new brand for Tubacex’s CRA OCTG value proposition, anchored by industrial assets in Abu Dhabi and integrated capabilities in Spain and Brazil

  • Activates the partnership announced in 2024, translating strategic commitment into operational capability under the TBX Nexxia identity

Abu Dhabi, UAE – Mubadala Investment Company ("Mubadala"), an Abu Dhabi Sovereign Investor and Tubacex Group today announced the full operational launch of their joint venture in Abu Dhabi, marking the activation of the first regional manufacturing platform dedicated to advanced Oil Country Tubular Goods (OCTG) solutions, including the official activation of TBX Nexxia, the new brand representing Tubacex’s corrosion-resistant alloy (CRA) OCTG value proposition, delivered through an end-to-end industrial platform.

The announcement was made at Mubadala’s stand during Make it in the Emirates 2026, underscoring Mubadala’s commitment to localize industrial capabilities aiming to support strengthening the UAE's economic resilience and supporting the country's long-term energy ambitions.

Operating under the TBX Nexxia identity, the Abu Dhabi facility is fully operational and represents the first platform of its kind in the Middle East focused on advanced corrosion-resistant alloy (CRA) tubular solutions used in complex energy infrastructure. Located in [Abu Dhabi, ICAD], it brings critical manufacturing capabilities closer to regional demand, helping ensure a more reliable and secure supply chain for essential energy projects. The UAE facility is complemented by the mills in Spain and Brazil, confirming TBX Nexxia as a global end-to-end solution provider, from advanced materials design and tubular manufacturing to finishing, threading and technical support.

Today's milestone delivers on the strategic partnership announced by Mubadala and Tubacex in 2024, which included a US$200 million investment to establish an Abu Dhabi-anchored industrial platform and activate long-term operating capability aligned with the UAE's industrial development priorities. Operating under the TBX Nexxia identity, the platform now moves from strategic commitment to operational capability within the UAE's energy and manufacturing ecosystem.

The activation has been  supported by ADNOC as the cornerstone client, which entrusted TBX Nexxia with the long-term supply of CRA tubulars for gas extraction and production in Abu Dhabi.

For Abu Dhabi and the UAE, the significance of this activation extends well beyond manufacturing.

In recent years, global supply chains have faced mounting disruption driven by geopolitical uncertainty, shipping route volatility, and rising demand for critical industrial materials. These conditions have reinforced the importance of localizing sectors essential to economic continuity and energy security. By bringing advanced OCTG manufacturing onshore in Abu Dhabi, Mubadala supports reducing dependency on distant processing centres, shortening delivery timelines, and embedding greater resilience into its industrial base.

The platform supports critical energy infrastructure projects, across conventional and lower-carbon applications by providing specialized tubular solutions engineered for high-performance and highly corrosive operating environments. Manufacturing these products locally enables faster response times, greater delivery certainty, and stronger operational continuity for strategic energy projects across the region.

The activation also advances broader national priorities by expanding high-value industrial activity, creating specialized jobs, and deepening knowledge transfer in advanced manufacturing — from metallurgists and process engineers to quality specialists and skilled technicians, including quality systems, documentation and traceability standards required for critical energy supply chains.

Dr. Bakheet Al Katheeri, CEO of the UAE Investments platform at Mubadala, said: "This project reflects Mubadala's long-term commitment to building strategic industries that strengthen national resilience and economic competitiveness. By localizing advanced manufacturing capabilities in Abu Dhabi, we are helping create a stronger industrial base that supports energy security, develops technical expertise, and enables long-term value creation for the country."

Josu Imaz, Chief Executive Officer of Tubacex Group, said: "TBX Nexxia brings together our CRA OCTG value proposition under a single identity, delivered through an end-to-end industrial platform. With Abu Dhabi as the regional anchor and integrated industrial capabilities across Spain and Brazil, we are positioned to support customers with reliability, traceability and technical proximity across the full lifecycle of critical energy projects."

Omar Abdulla Alnuaimi, ADNOC Acting Group Chief, Commercial and ICV, said: “We welcome the launch of TBX Nexxia, which marks an important milestone in localizing advanced piping solutions and strengthening the resilience of the UAE’s energy supply chains. This achievement reflects how ADNOC’s In-Country Value program continues to drive domestic manufacturing, accelerate industrial growth, and create long-term value for the UAE.”

With a total production capacity of 20,000 tonnes per year in CRA OCTG and a growing technical workforce, TBX Nexxia is positioned to support regional energy infrastructure for decades to come, reinforcing Abu Dhabi's role as a trusted industrial hub serving both national and international markets.

As the UAE continues to accelerate industrial development through initiatives such as Make it in the Emirates and Operation 300bn, the activation of TBX Nexxia demonstrates how long-term partnerships translate national ambition into operational capability.

The platform reflects a shared commitment between Mubadala and Tubacex to invest in infrastructure that delivers tangible value improving supply reliability, strengthening local industry, and contributing to the UAE's long-term economic resilience.

The partnership is also underpinned by Tubacex’s ESG leadership, including an A (Leadership) rating in CDP Climate Change and strong positioning in S&P Global’s ESG assessments, aligned with its  Group’s sustainability roadmap, Ambition 2030.

About Mubadala Investment Company

Mubadala Investment Company is a sovereign investor managing a global portfolio, aimed at generating sustainable financial returns for the Government of Abu Dhabi.

Mubadala’s US$385 billion (AED 1,414 billion) portfolio spans six continents with interests in multiple sectors and asset classes. We leverage our deep sectoral expertise and long-standing partnerships to drive sustainable growth and profit, while supporting the continued diversification and global integration of the economy of the United Arab Emirates.   

For more information about Mubadala Investment Company, please visit: www.mubadala.com

About Tubacex

Tubacex is a global front-runner in the design, manufacturing and installation of high-value-added industrial products and services for the energy and mobility sectors. The company specializes in advanced stainless steel, corrosion-resistant alloys (CRA) and precision machining services. Driven by innovation and operational excellence, Tubacex manages an integrated value chain that spans R&D through to delivery of the finished product. It operates production facilities and service centers in more than 30 countries. Tubacex’s commitment to sustainability is recognized by leading certification bodies, including SBTi validation of its science-based targets, an “A” score from the Carbon Disclosure Project, and compliance with S&P Global sustainability benchmarks

Contact:
Saoud Karmastaji
Head of Platform Communications, UAE Investments
skarmastaji@mubadala.ae
M:  +971 50 542 0333