National Marine Dredging Company (NMDC) has won a 79 million dirhams ($21.5 million) contract for a very important dredging project in Egypt.
The job includes dredging the entrance to the navigation channel and the trench of the quay wall in the Red Sea Port in Safaga, NMDC said in a disclosure to the Abu Dhabi Securities Exchange (ADX) on Thursday.
The project is expected to be completed in 8 months.
Also, the Abu Dhabi-listed company recently secured a $354 million deal from AD Ports for the engineering and construction of Shamal Development marine works at Khalifa Port.
The scope of this work will include the dredging of 16.8 million cm of material, 1.2 km quay wall and construction of approximately a 3.8 km long detached breakwater, as well as ground improvement works for 1 million m3 along with environmental monitoring and protection measures.
The entire project is scheduled for completion in October 2023.