SAWT BEIRUT INTERNATIONAL

| 5 December 2022, Monday |

NMDC wins $353.9m contract from AD Ports for Shamal Development marine works

National Maritime Dredging Company of Abu Dhabi has been awarded a Dh1.3 billion ($353.9 million) contract by AD Ports for engineering and construction work on the Shamal Development marine project.

The Shamal Development is a component of Khalifa Port, which is located in Taweelah, Abu Dhabi, midway between Mina Zayed and Jebel Ali Port and was created on a reclaimed artificial island 4.5 kilometers offshore.

“The deal is part of our strategic ambitions to develop our business in the UAE and abroad,” said NMDC Group CEO Yasser Zaghloul. “We have strategic development plans for 2022 and the years ahead, and as a group, we will be entering new markets and strengthening our position in current ones, executing complicated projects and sharing our experience.”

The business, a Middle Eastern engineering, procurement, construction, and marine dredging contractor, stated that the project will also generate considerable in-country value due to its localized project execution.

According to government authorities, the UAE’s national in-country value initiative is intended to generate up to 120,000 employment, localize supply chains, attract more investment, and increase the private sector’s contribution to local GDP. The initiative intends to shift Dh55 billion in government expenditure on products and services into the local sector by 2025, up from Dh39 billion in 2020, when the unified ICV certification was established.

Dredging of 16.8 million cubic metres, 1.2 kilometers of quay wall, building of a 3.8-kilometer detached breakwater, and ground enhancement works covering a million square metres will all be part of the project’s work, as will environmental monitoring and protection measures.

The entire project is expected to be completed in October 2023, according to NMDC.

“This new initiative will assist us in further enhancing our infrastructural, operational, and cargo handling capabilities, hence boosting growth and quickening trade flows in the area. As a result of the development, Khalifa Port has solidified its position as a key worldwide commerce and logistics center “said Mohamed Al Shamisi, AD Ports Group’s managing director and group chief executive.

AD Ports Group owns and operates 11 ports and terminals in the United Arab Emirates and Guinea, including Khalifa Port, Zayed Port, Musaffah Port, Fujairah Terminals, Community Ports, Kamsar Port, and Abu Dhabi Cruise Terminal. It manages about 550 square kilometers of industrial zones as part of Khalifa Industrial Zone Abu Dhabi and ZonesCorp, the Middle East’s biggest integrated trade, logistics, and industrial business organization.

    Source:
  • The National News