whatsapp

NMDC Adds Dh618 Million Dredger to Expand Fleet and Ease Project Backlog

/media/NMDC_Adds_Dh618_Million_Dredger_to_Expand_Fleet_and_Ease_Project_Backlog.webp © Image Copyrights Title

Dubai: Abu Dhabi-listed NMDC Group has strengthened its execution capacity with the addition of a new self-propelled cutter suction dredger valued at Dh618 million, reinforcing its ability to deliver large-scale marine infrastructure projects amid a growing order backlog.

The new vessel, measuring 148 metres in length and equipped with a total installed power of 30,440 kilowatts, is designed to enhance NMDC’s dredging capabilities across complex coastal, port, and offshore developments. The investment comes as demand for high-capacity marine assets accelerates across the Middle East and Asia.

With a fleet already exceeding 170 vessels, the latest addition reflects NMDC’s broader strategy to scale its operational assets in line with an expanding pipeline of awarded projects and international opportunities.

Capacity Expansion Linked to Backlog Growth

NMDC said the dredger will play a critical role in supporting reclamation works, port development, and energy-related marine projects that require sustained, high-powered operations. The self-propelled design allows greater flexibility and efficiency across geographically dispersed sites, reducing reliance on existing fleet availability.

The move aligns with the group’s efforts to manage increasing project volumes without overextending current resources, ensuring timely execution across domestic and overseas contracts.

Keel Laid, Delivery Expected in Early 2027

Construction of the dredger officially commenced with a keel-laying ceremony held on January 28, attended by senior leadership from NMDC Group and its subsidiary, NMDC Dredging and Marine. The vessel is expected to be completed and operational by the first quarter of 2027, in line with the delivery timelines of several major projects in the group’s pipeline.

The timing also positions NMDC to pursue additional contract wins while maintaining deployment flexibility across its existing fleet.

Commenting on the milestone, Eng. Yasser Zaghloul, Group Chief Executive Officer of NMDC Group, said the new vessel represents a strategic step in strengthening long-term operational capacity.

“Celebrating a new vessel build reflects our continued operational expansion and capability enhancement,” Zaghloul said. “This state-of-the-art dredger will further strengthen our fleet, improve execution efficiency, and support our strategy of deploying best-in-class assets across major coastal, port, energy, and offshore projects in our key international markets.”

NMDC has been steadily expanding its footprint beyond the UAE, supported by rising profitability, a growing backlog, and increased demand for marine and energy infrastructure services across global markets.

Commnets 0
Leave A Comment

Related Posts
© KPMG Australia Halts Victorian Government Bids Amid Confidential Data Probe

KPMG Australia Halts Victorian Government Bids Amid Confidential Data Probe

KPMG Australia has suspended participation in new Victorian government contract tenders until September 30 as investigations continue into allegations that confidential client information was improper...

© Indian Stocks Open Higher as Falling Crude Oil Prices Boost Market Sentiment

Indian Stocks Open Higher as Falling Crude Oil Prices Boost Market Sentiment

Indian benchmark equity indices opened higher on Monday, tracking a sharp decline in global crude oil prices that improved investor sentiment and lifted buying across sectors....

© Middle East Companies Pay $29.2 Billion in Q1 2026 Dividend Payouts

Middle East Companies Pay $29.2 Billion in Q1 2026 Dividend Payouts

Middle East companies distributed $29.2 billion in dividends during the first quarter of 2026, underscoring the region's resilient corporate earnings and continued commitment to shareholder returns de...

© ADCB Reports Record Q2 Profit of Dh3.83 Billion as Lending and Fee Income Drive Growth

ADCB Reports Record Q2 Profit of Dh3.83 Billion as Lending and Fee Income Drive Growth

Abu Dhabi Commercial Bank (ADCB) reported a record profit before tax of Dh3.83 billion for the second quarter of 2026, marking a 26% increase compared with the same period last year. The strong perfor...

© du Reports 12.6% First-Half Profit Growth, Raises Interim Dividend

du Reports 12.6% First-Half Profit Growth, Raises Interim Dividend

UAE telecom operator Emirates Integrated Telecommunications Company (du) reported a 12.6% increase in first-half net profit on Wednesday, supported by higher service revenue, improved operating margin...

© UAE-China Partnership Strengthens Cross-Border Business

UAE-China Partnership Strengthens Cross-Border Business

A strategic UAE-China business partnership has been launched to help companies expand across the Middle East and East Asia through integrated legal, corporate, and advisory services....

© Al Ansari Financial Services Expands Western Union Partnership Across Bahrain and Kuwait

Al Ansari Financial Services Expands Western Union Partnership Across Bahrain and Kuwait

Al Ansari Financial Services PJSC has expanded its partnership with global money transfer company Western Union by extending its international remittance services through its subsidiaries in Bahrain a...

© Brent Crude Climbs Above $90 on Growing Middle East Tensions

Brent Crude Climbs Above $90 on Growing Middle East Tensions

Global oil prices extended their rally on Monday, with Brent crude climbing above the $90-per-barrel mark for the first time in weeks as escalating military tensions between the United States and Iran...

© Modon Sells Out Dh1.25 Billion Worth of Bashayer Homes on Hudayriyat Island in 24 Hours

Modon Sells Out Dh1.25 Billion Worth of Bashayer Homes on Hudayriyat Island in 24 Hours

Abu Dhabi-based developer Modon has sold all 300 residences in the final phase of its Bashayer waterfront community on Hudayriyat Island within 24 hours of launch, generating approximately Dh1.25 bill...

© UAE's EDGE to Acquire Brazil's AKAER in Strategic Aerospace Expansion

UAE's EDGE to Acquire Brazil's AKAER in Strategic Aerospace Expansion

UAE-based defence and advanced technology group EDGE has signed an agreement to acquire a 100 percent stake in Brazilian aerospace engineering company AKAER, marking a significant step in its global e...