The growth activities of NMDC Energy based in Abu Dhabi in Saudi Arabia reached a new milestone when signed an extension for a long -term agreement (LTA) with Aramco.
NMDC Energy, which appeared in Abu Dhabi Securities Exchange (ADX) in September last year, is a provider of engineering, acquisition and construction services for energy clients on the high seas and on land.
NMDC extends Aramco Partnership
The NMDC Energy services cover detailed engineering, acquisition of materials, manufacturing, transport, installation and predomision of high seas facilities in projects that will be executed within the territorial waters of Saudi Arabia.
The agreement has now extended for another three years, and NMDC Energy has the option to renew it for another three -year period.
Ahmed al Dhaheri, CEO of NMDC Energy, commented: “Aramco is one of the world leaders in integrated energy, and NMDC Energy is a strategic and reliable partner who shares his vision for the regional and global energy sector.
“Our long -term agreement with Aramco has set the potential for growth, diversification and transformation, where it will play an important role in the realization of the economic ambitions of Saudi Arabia and will help meet the world’s energy demands.
“We are also eager to work in collaboration with our Saudi partners in areas such as acquisitions and in the use of Saudi citizens to ensure that we maximize our positive impact on the kingdom of all the next projects.”
The previous LTA with Aramco was signed in 2016. Since then, they have been involved in several projects in Saudi. Earlier this year, NMDC Energy inaugurated an advanced manufacturing court in Ras al Khair in the kingdom, deepening its capabilities and opening new possibilities for the regional energy sector there.
