NMDC Group partners with Consolidated Contractors Operations to form NMDCCC, aiming to enhance services in onshore oil and gas, marine construction, and infrastructure development amid robust financial performance.

Information on the Target

NMDC Group, listed on the Abu Dhabi Stock Exchange under the ticker ADX: NMDC, is a prominent global entity specializing in engineering, procurement, construction, and marine dredging. As of the first quarter of 2025, NMDC Group reported a remarkable financial performance, with revenues reaching AED 6.2 billion, a 16% year-on-year increase. The net profit increased to AED 784 million, marking a 22% rise compared to the same quarter in the previous year. These results reflect the Group's robust project pipeline, business diversification strategies, and international expansion efforts.

During this quarter, NMDC Group achieved substantial milestones, including the inauguration of a state-of-the-art fabrication yard in Ras Al Khair, Saudi Arabia, and securing a significant EPC contract with Taiwan Power Company for pipeline installation and dredging works. Moreover, NMDC Group has established a new company in partnership with Consolidated Contractors Operations (Cyprus) Limited, enhancing its capabilities in onshore oil and gas, marine construction, and integrated mega infrastructure development.

Industry Overview in the UAE

The engineering and construction industry in the United Arab Emirates is characterized by rapid growth, driven by infrastructure development projects, oil and gas activities, and increasing demand for energy. The UAE has made significant investments in infrastructur