NMDC Energy, a subsidiary of National Marine Dredging Company (NMDC), has announced a major agreement with Khalifa Economic Zones Abu Dhabi (Kezad) for setting up its manufacturing facility on a 224,000 sq m area within its freezone. 

 

A major player in the region, NMDC Energy operates advanced fabrication facilities in Abu Dhabi with a capacity to produce up to 100,000 tonnes of structural steel annually across an area of 1.3 million sq m. 

 

Additionally, NMDC is expanding its capabilities with a new 450,000 sq m fabrication yard in Ras Al Khair port, Saudi Arabia, which will have a projected capacity of 60,000 tonnes per year by 2026. 

 

The company owns a fleet of 22 offshore vessels equipped with modern facilities to support its shallow and deep-water operations. It can lift structures weighing up to 4,200 tonnes and is also equipped for laying subsea cables and pipelines, up to 66 inches in diameter in water depths from 10 to 2,000m.

 

NMDC Energy had inked a 50-year lease agreement at the Make It In The Emirates Forum 2024, that will see it invest AED367 million ($100 million) in the Kezad facility, designated for modular fabrication.

 

The project will offer several strategic benefits to the regional oil and gas sector including world-class engineering, procurement, project management, fabrication, installation and commissioning services to project owners and operators, said a statement from Kezad. 

 

The facility will create an estimated 3,000 new jobs in the process, it added.

 

Kezad Group CEO Mohamed Al Khadar Al Ahmed said: "NMDC Energy is a distinguished name in the marine engineering and fabrication industry, and we welcome its new facility to our industrial ecosystem. As the UAE's premier industrial and economic zones, we are continuously working to advance the country's energy, logistics, and marine engineering services."

 

"In keeping with the vision of our wise leadership, Kezad Group is always striving to bolster the UAE's marine sector by supporting the expansion of national assets like NMDC in the emirate of Abu Dhabi," he stated.

 

NMDC Energy CEO Ahmed Al Dhaheri said: "This partnership marks a significant milestone for NMDC Energy as we deepen our commitment to the UAE's industrial growth and sector innovation. The establishment of this new modular fabrication facility at Kezad represents not just a significant investment; it mirrors our commitment to supporting the UAE's vision of becoming a global industrial powerhouse."

 

"We are eager to introduce new capabilities to our company, incorporating advanced technologies and processes that are shaping the future of the oil and gas industry. These advancements will not only elevate our service offerings but also significantly contribute to the nation's economic diversification," he added.-TradeArabia News Service