IMDC secures 3 contracts from Saudi Aramco
NMD Energy Company has secured three offshore contracts with Saudi Aramco valued at a total of AED 2.8 billion (USD 763.3 million) to carry out engineering, supply, and construction works for offshore projects within Saudi Arabia's territorial waters. The company anticipates that the execution phase will take between 18 and 23 months. These contracts are part of the company's efforts to expand its presence in the Saudi energy market and enhance its maritime capabilities, especially following the renewal of its long-term agreement with Saudi Aramco, which began in 2016. Additionally, the company has opened an advanced manufacturing yard in Ras Al Khair, Saudi Arabia, to support its initiatives within the energy sector.
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