NMDC Group has entered the European market for the first time after its infrastructure arm ‘NMDC infra’ agreed to acquire a controlling stake in Lantania Aguas from Spain. According to an official announcement, the Abu Dhabi-listed engineering and dredging company will take a 51% share in the desali
AD Ports Group has signed a Memorandum of Understanding (MoU) with the Kuwait Ports Authority (KPA) to explore the development and operation of container operations at Shuaiba Port. Under the agreement, AD Ports Group will prepare the technical, environmental, and financial feasibility studies, in a
NMDC Group has signed a 5-year strategic collaboration agreement with Environment Agency – Abu Dhabi (EAD) to establish a specific framework between the parties covering 13 key areas associated with to the protection of the marine environment from pollution, climate change, and to safeguard marine l
The steel sheet pile cofferdam of the Abu Dhabi 1B Underwater Tunnel project in the UAE achieved full closure with China Railway Engineering Corporation’s (CREC) support recently, laying a solid foundation for building the main structure of the tunnel. “Facing complex geological conditions, the cons
Syria’s General Authority for Land and Sea Ports and DP World signed a memorandum of understanding (MOU) worth $800 million yesterday, a strategic step aimed at strengthening port infrastructure and logistics services in Syria. According to Syrian state news agency SANA, the contract includes a comp
DEME Group has just announced its Trading Update for Q1 2025, reporting a steady first quarter performance. Highlights first quarter 2025 Dredging & Infra reported revenue of 429 million euros compared to 467 million euros for the first quarter of 2024, with the year-on-year decrease reflecting both
NMDC Group has won a contract to build a new marina in Oman. The value of the contract is AED 383 million ($104.2 million). As part of the agreement, NMDC will execute all the works related to the construction of a marina project in the Sultanate of Oman. The duration of the project is 15 […]
DEME Group published its 2024 Annual Report today, showcasing a year of growth. Dredging & Infra segment continued its long-term maintenance works on some of Europe’s most important rivers in Belgium and Germany, and outside of Europe, the team were busy in the APAC region, West Africa and the Middl
The APM Terminals-operated Port of Salalah has invested $300 million in expanding and ensuring readiness for the new network under the Gemini-cooperation. The investment has included upgrades to all six existing berths and an expansion of the yard. Also, the expansion has moved the terminal from a c
NMDC Group has just announced its full year financial results for 2024, achieving an exceptional 57% Y-o-Y growth in its revenues. According to the latest news, the company grew its net profits in 4Q24, reporting a net profit of AED 916 million ($249.3 million), reflecting a 43% increase compared to
Abu Dhabi Ports recently conducted a pre-final inspection of the nearly completed project at Al Aliah Port in Abu Dhabi. Awarded in March 2024 and set for completion in May 2025, the project involves: According to the company, this marks yet another successful endeavor managed by ELMAR’s team, under
UAE’s NMDC Energy has secured a $1.136 billion engineering, procurement, and construction (EPC) contract with a Taiwanese company for the installation of subsea gas pipelines, among other things, for the renewal of a power plant in Taiwan. Taiwan Power Company (Taipower) has appointed NMDC Energy to
Keeping energy infrastructure at sea safe, bringing cyber security into the focus and ramping up the buildout of clean energy and clean fuel projects were the main topics throughout the two days of Offshore Energy Exhibition & Conference (OEEC), held on November 26 and 27 in Amsterdam, the Netherlan
Elmar Marinas L.L.C. has just completed another major marine project in Fujairah – the new Mirbah Port. The work, from beach line to a complete port, was completed in just 14 months. The project included: The work also involved construction of a complete floating marina which was connected with four
