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  2. Saudi Arabia accounts for 30% of NMDC Energy project portfolio

Saudi Arabia accounts for 30% of NMDC Energy project portfolio

NOHA.GAD
Feb 3, 2025
NMDC Energy's project portfolio worth over AED 50 billion, with Saudi Arabia accounting for 30% of the company's projects

Riyadh - Sharikat Mubasher: NMDC Energy, a provider of engineering, procurement, and construction (EPC) services for offshore and onshore energy clients, boasts a project portfolio valued at over AED 50 billion, with Saudi Arabia accounting for 30% of these projects, according to CEO Ahmed Salem Al Dhaheri.

In an interview with Alarabiya Business, Al Dhaheri revealed that offshore projects represent 60% of NMDC’s projects in the Kingdom. He emphasized that the company primarily focuses on the offshore sector, however, it plans to expand its presence in the onshore sector, particularly following the inauguration of its advanced fabrication yard in Ras Al Khair.

He added that the Saudi market, being the second largest after the UAE, is expected to play a significant role in boosting NMDC’s future revenues.

The company is exploring the possibility of establishing engineering offices in the Kingdom to facilitate the implementation of onshore projects, as part of its growth strategy.

NMDC Energy delivers world-class EPC solutions to clients in the onshore and offshore oil and gas sectors. It serves major industry players, including Aramco, ADMA-OPCO, ZADCO, and ONGC.

Tags

Saudi Arabia
Offshore and onshore projects
Oil and Gas
Project portfolio
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