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Abu Dhabi-based contractor National Marine Dredging Co. (NMDC) has won a contract worth AED 1 billion ($272 million) for dredging works in Egypt’s Suez Canal.
The project is expected to be completed in 2023, the company said in a bourse filing on the Abu Dhabi Securities Exchange (ADX) on Monday.
NMDC's operations include ports and civil projects, refining and petrochemical operations, onshore operations, renewable energy, deep-sea operations and other related projects.
(Writing by Brinda Darasha; editing by Cleofe Maceda)