NMDC Energy has announced a remarkable 33% year-on-year increase in revenue for the first nine months of the year, reaching Dh13 billion. This growth is attributed to the company’s robust backlog execution and its expanding footprint in both regional and international energy markets. Net profit also saw a 5% rise, amounting to Dh951 million, reflecting the company’s operational efficiency and consistent project delivery. The company’s backlog at the end of September stood at Dh45.6 billion, bolstered by significant contract wins and project mobilizations across onshore and offshore sectors. NMDC Energy’s project pipeline expanded to Dh61.4 billion, showcasing its diversified growth strategy and market reach. Chairman Mohamed Hamad Almehairi emphasized the company’s focus on scaling capacity in key global energy markets, which has enhanced its long-term growth prospects. CEO Eng. Ahmed Salem Al Dhaheri highlighted the company’s operational agility and efficient backlog delivery, solidifying its position as a leading EPC contractor in the Middle East. A notable achievement during this period was the launch of fabrication work at NMDC Energy’s new 400,000 square meter yard in Ras Al Khair, Saudi Arabia. This state-of-the-art facility, equipped with advanced automation and digital systems, boasts an annual production capacity of 40,000 tonnes and will support complex offshore and onshore energy projects. The company secured major contracts, including a Dh9.7 billion offshore EPC contract in the UAE and a Dh4.2 billion project in Taiwan, with international operations contributing 31% to its revenue. NMDC Energy also strengthened its sustainability profile, earning an MSCI ESG Rating of “A” for its adherence to global environmental, social, and governance standards. Additionally, the company signed strategic memoranda of understanding with UAE-based Al Gharbia and China’s Hilong Shine New Materials to explore domestic pipe production and advanced coating technologies, respectively.
