Since 1994, the UAE and Austria have been a perfect match for growth in Energy and Petrochemicals.
The connection grew stronger and more intense every year with strategic partnerships that firmly anchors OMV in one of the world´s central oil and gas hubs.
Today OMV is benefitting from an integrated position in Abu Dhabi. This integrated value chain enhances profitability, increases optionality and reduces volatility.
By cooperating with ADNOC, Mubadala and, through its subsidiary Borealis, with Borouge, OMV delivers the energy for a better life.
The close connection with Mubadala, OMV’s second largest shareholder holding 24.9% of OMV Aktiengesellschaft shares since 1994 – supports OMV’s endeavors in the region. Mubadala additionally owns 64% of the largest polyolefin producer Borealis, with the remaining 36% belonging to OMV.
Borealis is a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers.
Our journey together
OMV opened a representation office in Abu Dhabi in 2007, which today serves as the Business hub for OMV´s activities in the Middle East, Africa and Asia. Since 2011, OMV Abu Dhabi has served as a focal point for fostering the relationship with ADNOC, screening new business opportunities and coordinating existing activities in North Africa, the Middle East and Asia region.
Mubadala is a pioneering investor with the vision, scale and expertise to make a global impact. Proudly sovereign-owned and resolutely commercial in focus, they are accelerating the UAE’s economic growth with a bold and innovative approach to strategic investment.
Find out more about our 24.9% shareholder here.
Communications Middle East & Africa