NMDC Group, an engineering, procurement, construction and marine dredging conglomerate, has been awarded a AED130m ($35.3m) contract by Jubail Island Investment Company for its Abu Dhabi Mangrove Sanctuary.
In its filing to the Abu Dhabi Securities Exchange (ADX), NMDC specified that the project scope includes channel widening works in Areas 2 & 3, within the heart of the mangrove project.
The entire contract work is likely to be completed extremely quickly: slated for 180 days.
A leading provider of dredging, reclamation, and marine construction projects in the Middle East, NMDC has a strong international presence, with a portfolio of upcoming projects in the Middle East, SE Asia and South Asia regions.
This win comes close on the heels of NMDC being awarded a major contract by Abu Dhabi National Oil Company (ADNOC) for the proposed construction of the Al Nouf artificial island. Valued at $137m, this project will see NMDC dredge the surrounding waterways, build the island’s new foundations and create the full infrastructure for an important new energy hub. Al Nouf is strategically located west of Abu Dhabi city.
