The National reported that NMDC Energy said in an Oct. 23 statement to the Abu Dhabi Securities Exchange (ADX) that it won $763.3 million in offshore projects from Saudi Aramco, adding to its 2026 project awards.
The work covers offshore engineering, procurement and construction, with completion expected in 18 to 23 months. The statement provided no further details about the individual projects, according to The National.
NMDC Energy secured $599 million (Dh2.2 billion) in project awards during Q2 2026, the outlet reported. It put the company’s project backlog at Dh3.3 billion at the end of June.
The National reported that NMDC Energy, a majority-owned subsidiary of NMDC Group, recorded first-half 2026 revenue of $2.59 billion (Dh9.5 billion) and net profit of $68.3 million (Dh251 million). The company’s 2024 initial public offering raised $877 million (Dh3.22 billion) and listed more than 1.15 billion shares on ADX, the outlet said.
The company’s services range from engineering and project management to pipe laying, fabrication and installation, according to The National. Chief Executive Ahmed Al Dhaheri told the outlet in 2025 that NMDC Energy was pursuing opportunities in Iraq, North Africa and Nigeria, along with closer collaboration with Chinese companies.
