NMDC Dredging & Marine to begin EPC activities for TA’ZIZ master development
When the port is complete, it will facilitate the export of chemicals and transition fuels
NMDC Dredging & Marine, part of NMDC Group is set to begin work on a project valued at more than US $300mn for the TA’ZIZ master development, the UAE’s chemicals and transition fuels ecosystem.
The firm will provide engineering, procurement, and construction support to develop a dedicated chemicals port. When the port is complete, it will facilitate the export of chemicals and transition fuels, ensuring operational connectivity to regional and global markets and enhancing access to imported supplies, said a statement.
Yasser Zaghloul, CEO of NMDC Group said, “NMDC Group is proud to be a strategic facilitator of this profoundly significant project, and we’re delighted that our capabilities will help to advance the UAE’s ‘pro-climate, pro-growth’ economic aspirations.”
Niels de Bruijn, CEO of NMDC Dredging & Marine noted, “Our marine, dredging and construction works at TA’ZIZ will enable the establishment of a dedicated chemicals port, ensuring the efficient transportation of goods and providing the necessary support and reach for key markets around the globe.”
NMDC Dredging & Marine’s contribution to the TA’ZIZ project follows a series of announcements in 2024 by the group. In September 2024. NMDC Energy has also joined a group of 15 listed entities, known as the FADXI15, forming a Shariah compliant index for global Islamic investors.
