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Abu Dhabi’s National Marine Dredging wins $272mln contract in Egypt

Beautiful aerial view of the famous Abu Dhabi high-rise buildings, taken from a helicopter, United Arab Emirates.

Posted on December 19, 2022

Abu Dhabi-based contractor National Marine Dredging Co. (NMDC) has won a contract worth AED 1 billion ($272 million) for dredging works in Egypt’s Suez Canal.

The project is expected to be completed in 2023, the company said in a bourse filing on the Abu Dhabi Securities Exchange (ADX) on Monday.

NMDC’s operations include ports and civil projects, refining and petrochemical operations, onshore operations, renewable energy, deep-sea operations and other related projects.


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