IDC Energy secures $763M Aramco projects
NMD Energy announced that it has won three new projects from Saudi Aramco valued at $763.3 million (2.8 billion dirhams). These projects involve engineering, procurement, and construction for offshore initiatives, and are expected to be completed within 18 to 23 months. Despite this positive development, the company's profits declined by 57% in the first half of 2026 compared to the same period in 2025, amounting to 250 million dirhams versus 582 million dirhams, with operating income decreasing by 48%.
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