Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) secured a contract worth more than $200 million from the Abu Dhabi National Oil Company (ADNOC), according to a press release.
The deal covers the crucial marine dredging works in the Ruwais LNG Project, unveiling the first LNG export facility in the Middle East and Africa to use clean energy.
The contract includes extensive dredging operations, involving the removal of approximately 15 million cubic metres of material across a five-kilometre channel with a 245-meter width.
Additionally, NMDC will install vital navigational aids, ensuring safe maritime access to the new LNG facility.
Located in Al Ruwais Industrial City in Abu Dhabi, ADNOC's low-carbon LNG project will feature two natural gas liquefaction trains with a combined capacity of 9.60 million metric tonnes annually.
Yasser Zaghloul, Group CEO of NMDC, commented: “This project, which harnesses clean energy, aligns perfectly with our commitment to sustainability—a value deeply rooted in our corporate culture. It strengthens our longstanding partnership with ADNOC and highlights our dedication to advancing the UAE’s energy sector.”
“Our innovative approach and technical expertise will be instrumental in bringing this low-carbon LNG facility to fruition, significantly enhancing the UAE’s standing in the global energy landscape,” Zaghloul added.
Earlier in June, NMDC Energy, a subsidiary of NMDC Group, teamed up with Technip Energies, for a $5.50 billion contract by ADNOC.
In the first half (H1) of 2024, the net profits of NMDC hiked by 66% to AED 1.46 billion from AED 881.16 million in H1-23.
