Abu Dhabi-based National Marine Dredging Company (NMDC) has completed its merger with National Petroleum Construction Company (NPCC), following the approvals from regulatory authorities.
The agreement, which gained shareholder approval last year, will establish a new integrated national and regional Engineering, Procurement, and Construction (EPC) player, specializing in oil and gas and marine dredging work. The firms are complementary, and the merger provides the combined group with substantial revenue diversification.
Through the creation of a single platform, the combined group aims to increase the growth opportunities in the UAE and key regional markets, with strong capabilities across the value chain to support future expansion plans.
Eng. Yasser Zaghloul, CEO of NMDC said, “Today is the beginning of the next phase of the journey for our companies. Together we will focus on creating a new success story, from Abu Dhabi for the world, which we hope will benefit our stakeholders, shareholders, the UAE, and our employees.”
“We are excited to commence our collaboration with NMDC, and we are looking forward to working together on projects that will further strengthen our ‘Made in UAE’ value proposition. This promising venture will further solidify our position as regional EPC champion, and support our efforts to explore new growth avenues across the value chain.”
National Marine Dredging Company (NMDC)
NMDC is a leading contractor in the field of dredging and marine civil construction in the Middle East spanning across important areas including energy, environment, seaborne trade, and tourism. The group provides a variety of services including the construction of port infrastructure, land reclamation, coastal defense, and deepening and maintenance of waterways.
National Petroleum Construction Company (NPCC)
Established in 1973, NPCC is a world-class Engineering, Procurement, and Construction firm that offers total EPC solutions to both the Offshore and Onshore Oil and Gas sector. It supplies engineering, procurement, project management, fabrication, installation, and commissioning to project owners and operators.