Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) has been awarded a project contract valued at AED 168.55 million from Ramhan Development L.L.C.
The deal covers the excavation and backfilling works of Ramhan Island for phases one to seven, according to a bourse disclosure.
Meanwhile, the project is expected to be completed by December 2025.
In the first nine months (9M) of 2024, NMDC recorded an annual leap of 68% in revenues to AED 18.51 billion, compared to AED 11.03 billion.
The group’s net profits amounted to AED 2.19 billion in 9M-24, up 45% year-on-year (YoY) from AED 1.51 billion.
