National Petroleum Construction Co, a wholly-owned unit of National Marine Dredging Co (NMDC), was awarded a $162.31 million contract by ADNOC, Mubasher reported. The deal covers the engineering, procurement, and construction (EPC) works for installing seven jackets, according to a bourse filing. NPCC has grown from a small fabricator to an international EPC company with […]
NMDC
Posted inNews
‘Let’s grow together’: Contracting giant NMDC launches supplier engagement platform
National Marine Dredging Group (NMDC Group) and the Abu Dhabi Chamber of Commerce and Industry have launched the ‘Let’s Grow Together’ supplier engagement platform aimed at bolstering business opportunities for Abu Dhabi-based suppliers. NMDC Group currently has more than AED 54 billion worth of projects under execution and has demonstrated the success of its geographic […]
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EPC giant NMDC reports profit growth; $2.6 billion contracts
UAE’s EPC heavyweight National Marine Dredging Group (NMDC), with over $15 billion of projects under execution, has grown its net profit by 30% in 2022 to reach $350 million, the company recently reported. The company also noted that it secured contracts worth $2.6 billion last year. While the group strengthened its position locally and regionally, […]
Posted inEarnings
Abu Dhabi’s NMDC reports significant profit growth in 2022
The net profit of the National Marine Dredging Company Group (NMDC) grew 40.3% during the first nine months of 2022 to AED703 million, from AED501 million during the same period in 2021, WAM reported Oct 21. The positive results showcase the NMDC’s success in implementing its geographical expansion strategy, diversifying into new business verticals, and […]
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James Fisher and Abu Dhabi’s NMDC Group to collaborate on marine and subsea projects
The collaboration will enable James Fisher and NMDC to expand their capabilities jointly in offshore wind, turnkey O&G decommissioning, and accelerating the energy transition
Posted inProducts & Services
National Marine Dredging Company reports $136.4 million net profit for 9M 2021
NMDC counted revenue of $1.46 billion for the nine months starting January 2021
National Marine Dredging Company (NMDC) reported a significant increase in net profit of $136.4 million (AED 501 million) for the nine months from January to September 2021. The profitable third quarter performance followed the integration of NMDC and National Petroleum Construction Company (NPCC) to become a regional leader in providing integrated oil & gas and […]
Posted inProducts & Services
NMDC shareholders approve merger with NPCC
The deal will create a regional EPC company with a reach into markets across MENA and South Asia
Posted inProducts & Services
UAE mega-merger: Senaat extends offer to combine NPCC and National Marine Dredging
The merger would create a company with integrated 2019 revenue of $2.42 billion