Latest news with #Hilong
The National
25-05-2025
- Business
- The National
Abu Dhabi's NMDC Energy aims to boost collaboration with Chinese firms
Abu Dhabi-listed NMDC Energy is aiming to strengthen its collaboration with Chinese companies and looking for opportunities in Iraq, North Africa and Nigeria as part of its global expansion plans, its chief executive says. NMDC, formerly National Petroleum Construction Company (NPCC), which provides engineering, procurement and construction services to clients, is active in the UAE, Saudi Arabia, India and Taiwan, with a backlog of contracts worth Dh56 billion ($15.2 billion). It is looking at contracts to serve offshore and onshore segments of the energy industry in Iraq, while it will be mostly offshore jobs in Nigeria, Ahmed Al Dhaheri told The National on the sidelines of the Make it in the Emirates event in Abu Dhabi. The company expects 'huge potential' in offshore wind energy projects and completed one project in Taiwan with total capacity of 640 megawatts. 'We are now investing in a dedicated offshore wind vessel, hopefully, this will enable us to execute [engineering, procurement and construction] jobs not only in South-east Asia but also in Europe where lots of offshore wind projects are happening,' Mr Al Dhaheri said. Countries are focusing on developing renewable energy projects, including in the offshore wind segment, to cut emissions. NMDC Energy is also looking to boost collaboration with Chinese companies. This week, it signed an agreement with Chinese firm Hilong to explore joint venture agreements for works related to pipeline coating and materials to serve energy clients in the UAE and Saudi Arabia. Its parent NMDC Group also signed an initial agreement with Jiangsu Juxin Petroleum Steel Pipe to explore areas of collaboration. The long-term aim is establishing fabrication facilities in the UAE for metallic pipes for use in dredging. 'I expect to see more collaboration with Chinese companies,' Mr Al Dhaheri said. 'We try to capitalise on the current supply chain and today, many of our supplies are coming from China.' The UAE and China, the world's second-largest economy, are strengthening economic ties. Last month, Adnoc opened an office in Beijing and signed new liquefied natural gas supply agreements with Chinese companies. NMDC Energy has injected Dh17 billion into the local economy since the inception of the in-country value programme in 2018, the chief executive said. The company is procuring products from local suppliers as well as awarding contracts as part of the localisation initiative, he added.
Trade Arabia
22-05-2025
- Business
- Trade Arabia
NMDC Energy, Hilong sign deal for UAE, Saudi collaboration
NMDC Energy, a leading provider of engineering, procurement and construction services for offshore and onshore energy clients, has announced the signing of an agreement to explore collaboration with Shanghai Hilong Shine New Materials Company (Hilong), at the Make it in Emirates forum in Abu Dhabi. Headquartered in China, Hilong is a leading company committed to research and development as well as manufacturing related to high-end coating and new materials for industrial heavy-duty anti corrosion. Specifically, this involves oil country tubular goods coating and materials, pipeline coating and materials, concrete weight coating and internal pipeline inspection. Both entities will explore the possibility of establishing joint venture agreements to conduct operations together in the UAE and the Kingdom of Saudia Arabia. On the deal, CEO Engineer Ahmed Al Dhaheri said: "The UAE's environment requires robust protection strategies for metals and materials - and this is especially the case for assets operating in the energy sector." "We believe this partnership will lay the foundation for both NMDC Energy and Hilong to deliver crucial, high-impact services necessary for operational readiness in the energy sector," he stated. "More broadly, this collaboration highlights the strong competitiveness and dynamism of the UAE and wider region's industrial and energy sectors which are a magnet for international players who seek to do business here," he added. At the key event, NMDC Group & NMDC Energy are showing how their work serves as a catalyst in propelling the development of Abu Dhabi and how the businesses within the Group bolsters the UAE's efforts to further shape its modern landscape and stimulate the local economy.
Zawya
22-05-2025
- Business
- Zawya
NMDC Energy to expand business in UAE, Saudi Arabia via joint deal
Abu Dhabi: NMDC Energy has signed a memorandum of understanding (MoU) to explore collaboration with Shanghai Hilong Shine New Materials Company Limited to establish a joint venture (JV) in the UAE and Saudi Arabia. The two sides inked the agreement during the Make it in Emirates forum in Abu Dhabi, according to a press release. Ahmed Al Dhaheri, CEO of NMDC Energy, commented: 'The UAE's environment requires robust protection strategies for metals and materials – and this is especially the case for assets operating in the energy sector.' 'This collaboration highlights the strong competitiveness and dynamism of the UAE and the wider region's industrial and energy sectors, which are a magnet for international players who seek to do business here,' Al Dhaheri stated. Headquartered in China, Hilong is a leading company committed to research and development as well as manufacturing related to high-end coating and new materials for industrial heavy-duty anti corrosion. In the first quarter (Q1) of 2025, NMDC Energy posted higher net profits at AED 217 million, compared to AED 173.96 million in Q1-24.
Mid East Info
21-05-2025
- Business
- Mid East Info
NMDC Energy and Hilong announce an MoU to explore collaboration in UAE & KSA - Middle East Business News and Information
Both parties intend to explore possibilities for Joint Ventures for coating and materials works in both the UAE & KSA. MoU was signed and announced at Make it in the Emirates (MIITE), taking place between 19 to 22 May 2025 in Abu Dhabi. Abu Dhabi, UAE:May 2025 – NMDC Energy PJSC (ADX: NMDCENR), a provider of engineering, procurement and construction services for offshore and onshore energy clients, has announced the signing of a Memorandum of Understanding (MoU) to explore collaboration with Shanghai Hilong Shine New Materials Co. LTD (Hilong), at the Make it in Emirates forum in Abu Dhabi. Headquartered in Shanghai, China, Hilong is a leading company committed to research and development as well as manufacturing related to high-end coating and new materials for industrial heavy-duty anti corrosion. Specifically, this involves: Oil Country Tubular Goods coating and materials, pipeline coating and materials, Concrete Weight Coating, and internal pipeline inspection. Both entities will explore the possibility of establishing Joint Venture agreements to conduct operations together in the UAE and the Kingdom of Saudia Arabia. Eng. Ahmed Al Dhaheri, CEO of NMDC Energy, commented: 'The UAE's environment requires robust protection strategies for metals and materials – and this is especially the case for assets operating in the energy sector. We believe this partnership will lay the foundation for both NMDC Energy and Hilong to deliver crucial, high-impact services necessary for operational readiness in the energy sector. More broadly, this collaboration highlights the strong competitiveness and dynamism of the UAE and wider region's industrial and energy sectors which are a magnet for international players who seek to do business here.' At MIITE, NMDC Group & NMDC Energy are showing how their work serves as a catalyst in propelling the development of Abu Dhabi and how the businesses within the Group bolsters the UAE's efforts to further shape its modern landscape and stimulate the local economy. The Group is announcing several strategic partnerships, and will also provide updates on its projects, particularly its work internationally where the Group has an active pipeline of activities in Saudi Arabia, Oman, Taiwan, and Vietnam, alongside its work in the UAE.
Zawya
21-05-2025
- Business
- Zawya
NMDC Energy, China's Hilong explores JVs in coating, materials works
Abu Dhabi-listed NMDC Energy and China's Shanghai Hilong Shine New Materials Co. (Hilong) signed a memorandum of understanding to explore joint ventures for coating and materials works in the UAE and Saudi Arabia. The Chinese company manufactures products related to high-end coating and new materials for industrial heavy-duty anti corrosion, NMDC Energy said in a statement. This includes oil country tubular goods coating and materials, pipeline coating and materials, concrete weight coating, and internal pipeline inspection. NMDC Energy reported a 25 percent year-on-year increase in net profit to AED 217 million in the first quarter of 2025, thanks to a 75 percent annual surge in revenues. (Writing by P Deol; Editing by Anoop Menon) ( Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.
