NMDC Energy to Invest $100 Million in New Modular Fabrication Facility at KEZAD

Abu Dhabi, UAE- In a move that will boost the UAE's oil and gas sector, Khalifa Economic Zones Abu Dhabi (KEZAD) Group and NMDC Energy, a subsidiary of National Marine Dredging Company (NMDC), signed a 50-year lease agreement today. The agreement paves the way for a new $100 million, 224, 000-square-meter modular fabrication facility to be built within KEZAD.

This strategic partnership will provide significant benefits to the regional oil and gas industry. NMDC Energy's new facility will offer a comprehensive suite of services, including world-class engineering, procurement, project management, fabrication, installation, and commissioning, all under one roof. This will streamline operations and enhance efficiency for project owners and operators.

The project is expected to create an estimated 3, 000 new jobs, providing a significant boost to the local workforce.

"NMDC Energy is a highly respected name in the marine engineering and fabrication industry, " said Mohamed Al Khadar Al Ahmed, CEO of KEZAD Group. "We are thrilled to welcome their new facility to our industrial ecosystem. As the UAE's leading industrial and economic zones, KEZAD Group is committed to advancing the country's capabilities in energy, logistics, and marine engineering services. "

Al Ahmed further emphasized KEZAD Group's dedication to supporting the UAE's vision for a robust marine sector. "This partnership aligns perfectly with our leadership's vision, " he said. "By supporting the expansion of national champions like NMDC in Abu Dhabi, we are strengthening the UAE's position as a global industrial leader. "

Ahmed Al Dhaheri, CEO of NMDC Energy, echoed the sentiment, highlighting the significance of the collaboration. "This partnership marks a major milestone for NMDC Energy, " he stated. "It underscores our unwavering commitment to driving industrial growth and innovation within the UAE. The new modular fabrication facility at KEZAD is not just a significant investment; it reflects our dedication to supporting the UAE's vision of becoming a global industrial powerhouse. "

Al Dhaheri elaborated on NMDC Energy's plans to leverage the new facility to introduce cutting-edge 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 efforts, " he concluded.

NMDC Energy brings a wealth of experience to the table. The company already operates advanced fabrication facilities in Abu Dhabi, boasting an annual production capacity of 100, 000 tonnes of structural steel across a sprawling 1. 3 million square meters. Additionally, they are expanding their regional footprint with a new 450, 000-square-meter fabrication yard under development in Ras Al Khair Port, Saudi Arabia, with a projected capacity of 60, 000 tonnes per year by 2026. Their impressive fleet of 22 offshore vessels equipped with modern facilities allows them to support shallow and deep-water operations, including lifting structures weighing up to 4, 200 tonnes and laying subsea cables and pipelines in depths ranging from 10 to 2, 000 meters.

The signing ceremony took place at the Make It In The Emirates Forum, a forum organized by the UAE Ministry of Industry and Advanced Technology (MoIAT). This annual event serves as a valuable platform for the global and local industrial community to connect, exchange knowledge, and explore investment opportunities within the UAE's industrial sector.