NMDC Group

What NMDC Group does

NMDC Group PJSC is an Abu Dhabi-headquartered, publicly listed (ADX: NMDC) integrated energy and marine EPC organization with 10,000+ employees and operations across 20+ countries. Originally founded in 1976 as National Marine Dredging Company and rebranded in 2024, the group operates through five wholly-owned business units: NMDC Dredging & Marine (marine dredging, reclamation, and port construction), NMDC Energy (offshore and onshore oil & gas EPC, formed from the 2021 merger with NPCC), NMDC Engineering (coastal and marine consultancy), NMDC Infra (precast concrete construction technology), and NMDC LTS (logistics, technical services, and oilfield management). The group runs a fleet of 170+ specialized vessels and 480+ land equipment units supported by 1.3 million square meters of fabrication capacity in Abu Dhabi and a 400,000 sqm yard under development in Ras Al-Khair, Saudi Arabia.

Revenue is generated primarily through project-based EPC contracts and long-term framework agreements with national oil companies (notably ADNOC and Saudi Aramco), government port authorities, and integrated energy developers, augmented by recurring segments in marine dredging, precast concrete, and logistics/technical services. Core technology investments include an AI-powered Connected Workforce safety system, Digital Twin platforms for offshore assets, subsea robotics with unmanned vehicles, AR-enabled frontline devices, and the region's first commercial hydraulic modeling test facility, alongside a Dredging Academy with simulator-based training. Recent strategic moves include the September 2024 IPO of subsidiary NMDC Energy on ADX (AED 3.22 billion raised, 31.3x oversubscribed), the 2026 acquisition of a 51% stake in Spain's Lantania Aguas marking entry into Europe, and the 2026 NMDCCC joint venture with CCC for UAE onshore O&G EPC.

The commercial model is enterprise field sales targeting a narrow set of mega-clients through competitive tenders, prequalification frameworks, and consortium structures; recent quarterly disclosures show AED 6.6 billion in Q1 2026 revenue (7% YoY), AED 20.5 billion in 9M 2025 revenue (26% YoY), and FY2025 net profit exceeding AED 4.0 billion (29% YoY growth). Geographic expansion is actively underway via acquisitions (Emdad in UAE oilfield services, Lantania Aguas in Spain for water EPC) and major project wins (USD 610 million Pasay Harbor City contract in the Philippines, Vingroup MoU in Vietnam, Adani/Vale MoU in India).

Name

NMDC Group

Legal name

NMDC Group PJSC

Website

https://nmdc-group.com

Company type

Public

Founded year

1976

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

NMDC Group is an Abu Dhabi-listed integrated energy and marine EPC and dredging organization serving national oil companies, government port authorities, and integrated energy developers across MENA, South Asia, Europe, and Southeast Asia through five business units spanning dredging, oil & gas EPC, engineering consultancy, precast construction, and logistics.

Ownership category

akta.pro rank

NAICS

Support Activities for Mining (2131), Offices of Other Holding Companies (551112), Environmental Consulting Services (54162), Oil and Gas Field Machinery and Equipment Manufacturing (333132)

SIC

Oil & Gas Field Services, Nec (1389), Oil & Gas Field Machinery & Equipment (3533), General Bldg Contractors - Nonresidential Bldgs (1540), Drilling Oil & Gas Wells (1381)

akta.pro primary industry

Marine & Offshore Wind BOP Construction (Foundations, Cables, Ports, Installation Support) (EUAMAFAI)

akta.pro secondary industries

Temporary Construction Utilities & Logistics (Laydown Yards, Temporary Power, Transport) (EUAMAFAL), Mine Infrastructure & Utilities EPC (Power, Water, Comms, Camps, Roads, Airstrips) (IMAKAOAB), Environmental & Permitting Compliance During Construction (Erosion Control, Wildlife Mitigation, Monitoring) (EUAMAFAM)

Keywords

• Marine dredging services
• Offshore oil gas EPC
• Coastal marine engineering
• Precast concrete construction
• Energy infrastructure projects

Headquarters

HQ city

Abu Dhabi

HQ country

United Arab Emirates

HQ region

Middle East

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Infrastructure, Supply Chain, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. EPC Contracts: NMDC Group generates the majority of its revenue through large-scale Engineering, Procurement, and Construction (EPC) contracts for oil & gas, energy, and marine infrastructure projects. Revenue is project-based and typically involves multi-year contracts with fixed or cost-plus pricing structures. Major contracts include ADNOC projects (Hail & Ghasha, Ruwais LNG, Estidama), Saudi Aramco LTAs, and offshore development projects.
2. Marine Dredging Services: Revenue from marine dredging, reclamation, and construction projects. The company operates a fleet of 170+ specialized vessels and 480+ land equipment units. Projects include port development, artificial islands, channel dredging, and coastal protection.
3. Precast Concrete Solutions: NMDC Infra provides precast concrete solutions for construction projects, offering sustainable and affordable precast elements for structural and architectural applications. Revenue generated through construction contracts.
4. Logistics and Technical Services: NMDC LTS delivers industry-leading support for complex infrastructure projects through EPC expertise, vessel construction, and marine support capabilities. Includes shipbuilding at Musaffah workshops.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

NMDC Group is an integrated energy and marine services, engineering, procurement, and construction (EPC) organization that delivers large-scale infrastructure projects for the oil & gas, energy, and marine sectors. Operating through five business units—NMDC Dredging & Marine, NMDC Energy, NMDC Engineering, NMDC Infra, and NMDC LTS—the company executes marine dredging, land reclamation, offshore and onshore EPC for oil & gas, precast concrete construction, and logistics and technical services for national oil companies, government entities, and integrated energy clients across MENA, South Asia, Europe, and Southeast Asia.

Product overview

NMDC Group is an integrated energy and marine services, engineering, procurement, and construction (EPC) organization operating through five distinct business units. The group encompasses NMDC Dredging & Marine (marine dredging and reclamation), NMDC Energy (oil & gas and energy sector EPC solutions for offshore and onshore), NMDC Engineering (coastal and marine engineering consultancy), NMDC Infra (precast concrete construction technology), and NMDC LTS (logistics and technical services). These units work together to deliver innovative solutions for complex projects across the MENA region and beyond, with a focus on energy, marine infrastructure, and construction sectors.

Differentiator

Problem solved

Functional benefit

Brands

• NMDC Dredging & Marine: Marine dredging, reclamation, and construction services - leading field of marine dredging with years of international experience
• NMDC Energy
• NMDC Engineering
• NMDC Infra
• NMDC LTS

Quantifiable outcome

• Revenue growth of 79% in H1 2024 reaching AED 12.126 billion
• +4 more outcomes

Named customers11 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Twelve partnerships are on record, tiered strategic, minor and core.

• Etihad Water and Electricity (EtihadWE)strategicStrategic or Co-development Partner · 6 May 2026NMDC Infra signed an EPC agreement with EtihadWE and Lantania Aguas to build the Fujairah I Independent Water Producer (IWP) project. The 60 MIGD seawater reverse osmosis desalination plant has a total project value of AED 1.046 billion.
• Energy MastersstrategicTechnology or Integration · 6 May 2026NMDC Energy signed MoU with Energy Masters to establish the UAE's first manufacturing facility for Electro Submersible Pumps (ESPs), supporting technology transfer and reducing reliance on imported oilfield equipment.
• Wasco Energy LtdminorStrategic or Co-development Partner · 6 May 2026NMDC Energy signed an agreement with Wasco Energy Ltd on modular fabrication for data centers, strengthening domestic industrial supply chains.
• Neway Valve (Suzhou) Co., LtdminorStrategic or Co-development Partner · 6 May 2026NMDC Energy signed agreement with Neway Valve focused on localization of valve manufacturing operations in the UAE, expanding local manufacturing capabilities for the energy sector.
• Adani Ports and Special Economic Zone Limited (APSEZ) / Adani Gangavaram PortstrategicStrategic or Co-development Partner · 22 February 2026NMDC Ltd (India) signed MoU with Adani Gangavaram Port Ltd and Vale SA to develop an integrated iron ore blending facility and dedicated Special Economic Zone at Gangavaram Port, India. The collaboration aims to establish India's first port capable of handling Valemax vessels (up to 400,000 tonnes).
• Consolidated Contractors Company (CCC)coreStrategic or Co-development Partner · 21 January 2026NMDC Group, through its wholly-owned subsidiary NMDC Infra, and Consolidated Contractors Company (CCC) established NMDCCC, a joint venture to provide onshore Oil & Gas EPC services in the UAE. The venture combines CCC's track record in energy and chemicals projects with NMDC Group's capabilities.
• Lantania Aguas (Spain)coreStrategic or Co-development Partner · 19 January 2026NMDC Group acquired a 51% controlling stake in Spain's Lantania Aguas, a desalination and water treatment specialist, marking its first entry into the European market. The deal brings water and wastewater EPC into NMDC Infra's core offering, with Lantania Aguas holding an active backlog exceeding Dh2 billion. The company will be rebranded as Lantania NMDC Water.
• Pasay Harbor City CorporationstrategicStrategic or Co-development Partner · 6 October 2025NMDC Group signed a $610.1 million contract with Pasay Harbor City Corporation for dredging and land reclamation in Manila Bay, Philippines. The project aims to create an eco-friendly waterfront city over 130 hectares, marking strategic expansion in Southeast Asia.
• ADNOC Logistics & Services (ADNOC L&S)coreStrategic or Co-development Partner · 1 September 2025NMDC Group signed a three-year collaboration agreement with ADNOC L&S to collaborate on maritime services and integrated logistics for offshore EPC projects in Abu Dhabi, establishing a framework for continued partnership in the marine sector.
• Emdad (acquired 70% stake)coreStrategic or Co-development Partner · 1 December 2024NMDC Group acquired a 70% controlling stake in Emdad, a local oilfield services company in the UAE, through its newly launched subsidiary NMDC LTS. Emdad reported revenues of over AED600 million ($163 million) in 2024, enabling expansion into the oilfield management segment.
• Vingroup (Vietnam)strategicStrategic or Co-development Partner · 31 October 2024NMDC Group signed MoU with Vingroup, Vietnam's largest private conglomerate, to explore sustainable coastal land reclamation and development projects in Vietnam, focusing on luxury real estate, coastal protection, and industrial land reclamation.
• AD Ports GroupcoreStrategic or Co-development Partner · 31 October 2023NMDC Group signed MoU with AD Ports Group for international cooperation in executing international projects, leveraging NMDC's capabilities in engineering, procurement, construction, and marine dredging. The two companies had previously established Safeen for marine survey and operations.

Scale indicators15 records

Recent moves11 records

Expansion highlights6 records

Broad incumbents

• McDermott International: Global offshore EPC and construction company specializing in subsea, offshore, and storage solutions for energy projects. Comparable to NMDC Energy in offshore oil & gas EPC scope and NOC client relationships.
• TechnipFMC: Global offshore and onshore EPC and subsea solutions provider serving oil & gas majors with integrated project execution. Comparable to NMDC Energy in offshore EPC scope, scale, and NOC client base, though broader geographically and in technology portfolio.
• Subsea 7: Leading subsea engineering and construction services provider for offshore energy industry. Overlaps with NMDC's subsea capabilities, pipeline laying, and offshore installation work for NOC clients.
• Van Oord: Dutch marine contractor specializing in dredging, land reclamation, and offshore wind installation. Comparable to NMDC Dredging & Marine in international marine infrastructure and energy transition project execution.
• Saipem: Italian-based international EPC contractor executing offshore and onshore oil & gas and energy transition projects. Directly comparable to NMDC Group in offshore platform, pipeline, and LNG EPC delivery for NOCs and IOCs.
• Boskalis Westminster: Global marine services and dredging contractor with large specialized fleet. Direct competitor to NMDC Dredging & Marine in marine dredging, land reclamation, and coastal infrastructure projects worldwide.
• Jan De Nul Group: Belgian maritime services and construction company with extensive dredging and offshore capabilities. Direct competitor to NMDC in marine dredging, coastal protection, and offshore energy infrastructure.

Direct peers

• Lamprell: UAE-based offshore construction and rig building contractor serving MENA oil & gas clients. Comparable to NMDC Energy in regional offshore EPC, fabrication, and rig/new-build services, particularly for ADNOC and Saudi Aramco.
• Consolidated Contractors Company (CCC): Middle East-based global EPC contractor for oil & gas, petrochemical, and civil projects. NMDC's JV partner in NMDCCC for UAE onshore oil & gas EPC; directly comparable in regional EPC capabilities and client base.
• Royal IHC: Netherlands-based marine equipment and dredging vessel builder. Comparable to NMDC LTS in supporting marine and offshore construction with specialized vessels, equipment, and lifecycle services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nmdc-group

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NMDC Group