Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) has received a letter of award from Jubail Island Investment Company at a value of AED 129.64 million.

The project covers the widening works for area 2 and 3 in the Abu Dhabi Mangrove Channel, according to a bourse filing.

Meanwhile, the project is expected to be completed in 180 days.

In June, NMDC Energy, a subsidiary of NMDC, was awarded by ADNOC for a LNG project at a total value of $5.50 billion.

During the first three months (3M) of 2024, the listed company logged a net profit of AED 641.06 million, an annual hike from AED 303.32 million.