Help Desk -
9958816305, 9810335381
Email
Password

UAE National Marine Dredging Company wins USD 1.36 billion contract

Infra News - Published on Fri, 08 Feb 2019

Image Source: Ventures ONSITE
TradeArabia News Service reported that UAE based National Marine Dredging Company has been awarded a major contract by Abu Dhabi National Oil Company to provide dredging, land reclamation and marine construction services contract for the first phase of development of the Ghasha Concession in the UAE capital. Under the terms of the contract, NMDC will construct 10 new artificial islands and two causeways, as well as expand an existing island.

The project is expected to take 38 months to complete and will provide the infrastructure required to further develop, drill and produce gas from the sour gas fields in the Ghasha Concession, it stated.

The Ghasha Concession consists of the Hail, Ghasha, Dalma, Nasr and Mubarraz offshore sour gas fields.

The contract, valued at Dh5 billion (USD 1.36 billion) comes as part of the construction of multiple artificial islands in the first phase of Ghasha Concession development, said the statement from Adnoc.

At peak construction, the project is expected to employ over 3,500 people, it added.

Through this contract win, NMDC will achieve substantial In-Country Value of over 70 per cent.

"This award accelerates the development of the Hail, Ghasha and Dalma sour gas offshore mega-project, which is an integral part of Adnoc’s 2030 smart growth strategy," remarked Abdulmunim Al Kindy, the upstream executive director at Adnoc after signing the agreement with Yasser Zaghloul, the chief executive of NMDC in the presence of Dr Sultan Ahmad Al Jaber, Minister of State and Adnoc Group CEO and Mohammed Thani Murshed Al Rumaithi, the chairman of NMDC.

Source :

Posted By : Rabi Wangkhem on Fri, 08 Feb 2019
Related News from Infra segment