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NMDC Group is about to embark on a massive dredging and land reclamation project in Manila Bay, Philippines.
Under the $610.1 million contract with Pasay Harbor City Corporation (PHCC), NMDC will undertake a thirty-month project encompassing approximately 130 hectares of island reclamation as part of a groundbreaking development project to build a new eco-friendly, waterfront city.
The scope covers sand supply, dredging and reclamation, vertical drains installation, vibro compaction, and rock placement.
Eng. Yasser Zaghloul , Group CEO of NMDC Group, commented: “By entering the dynamic Philippines market, NMDC Group continues to expand its operational presence in Southeast Asia as part of its strategic push towards diversified, global growth.”
Manuel S. Gonzales , President of Pasay Harbor City Corporation, added: “We are delighted to work with NMDC Group, a globally renowned entity that has an unparalleled multi-jurisdiction track record of successful, innovative projects. We look forward to partnering with NMDC to fulfill our vision of creating a new eco-friendly, waterfront city.”
The collaboration closely follows a series of announcements by NMDC Group and marks its first large-scale project in the Philippines; adding to its growing project portfolio of activities in Asia which have included several projects across Taiwan, Vietnam, and Malaysia.