Mubadala’s TBX Nexxia hits two years, $1.2 billion GDP contribution

The latest:

Two years of production at TBX Nexxia’s Abu Dhabi facility have delivered an estimated $1.2 billion to UAE GDP and 150 direct jobs, Mubadala Investment Company said Wednesday. The plant, a joint platform with Spain’s Tubacex Group, supplies corrosion-resistant tubular goods to ADNOC for gas extraction. Mubadala said production continuity held through regional disruptions.

Details:

• The product: TBX Nexxia is described by Mubadala as the first Middle East platform dedicated to advanced corrosion-resistant alloy Oil Country Tubular Goods, the steel piping used in complex energy infrastructure. It runs an integrated Melt to Well solution, covering the chain from alloy production through finished well-ready tubulars.
• The ADNOC contract: ADNOC has entrusted the platform with long-term supply of corrosion-resistant tubulars for gas extraction and production in Abu Dhabi, including its planned expansion, according to Mubadala. No contract value or end date was disclosed.
• The numbers: Annual manufacturing capacity stands at 20,000 tonnes. The facility has created 150 direct jobs in the UAE and contributed an estimated $1.2 billion to national GDP. More than 820,000 feet of tubular products have been deployed in wells to date.
• Mubadala’s framing: Dr. Bakheet Al Katheeri, CEO of UAE Investments at Mubadala, said the venture combines Tubacex’s global industrial expertise with local production to deepen Abu Dhabi’s manufacturing base, calling it part of a strategy of partnering with international market leaders to support economic diversification.
• The government view: Hasan Jasem Nasser Al Nowais, Undersecretary of the Ministry of Industry and Advanced Technology, said the facility represents the National In-Country Value Programme at work, creating specialised technical jobs and supporting the objectives of “Operation 300bn”, the UAE’s industrial strategy.
• The awards: TBX Nexxia received the ADNOC ICV Excellence Award in the Industrial Investment category at the second Make it with ADNOC Forum. Tubacex was separately named Best OCTG Supplier by Brazil’s Petrobras for the second consecutive year in 2026, cited for quality, delivery and operational excellence.
• Operations: Threading and finishing lines run around the clock, using technology engineered for high-pressure, highly corrosive environments and certified to premium connection qualification standards. Josu Imaz, CEO of Tubacex Group, said the plant stayed operational through a challenging regional environment while maintaining quality and safety standards.
• The visit: To mark the milestone and the ICV award, Mubadala hosted a delegation from the Ministry of Industry and Advanced Technology and ADNOC at the facility, showcasing manufacturing technologies and the platform’s role in oil and gas supply chains.
• The wider footprint: The platform spans the UAE, Spain and Brazil, and continues investing in digitalisation, smart manufacturing, energy efficiency and recycling. Mubadala said the milestone follows the announcement at Make it in the Emirates 2026 marking TBX Nexxia’s full operational launch as an end-to-end platform.

Background:

Tubacex Group is a Spanish specialist in tubular steel products with an established OCTG track record. The Abu Dhabi platform pairs that record with sovereign capital from Mubadala to localise a technology previously imported for the Gulf’s sour gas and high-pressure fields.

Between the lines:

The two figures Mubadala led with — 150 jobs and $1.2 billion in GDP contribution — point to a value case built on localisation rather than headcount. With 20,000 tonnes of capacity tied to long-term ADNOC supply, including its planned expansion, utilisation is linked to the pace of Abu Dhabi gas development more than to open-market demand.

What’s next

Watch ADNOC’s gas expansion schedule, which drives the platform’s order book, and any disclosure of contract terms or a capacity increase beyond 20,000 tonnes. Tubacex’s next results will show the Abu Dhabi unit’s contribution.