Latest news with #MohamedHamadAlmehairi
Al Etihad
13 hours ago
- Business
- Al Etihad
NMDC Energy commences fabrication at Ras Al-Khair yard, Saudi Arabia
29 July 2025 14:15 DAMMAM (WAM) NMDC Energy, a leading provider of engineering, procurement, and construction (EPC) services for offshore and onshore energy clients, has started fabrication at its advanced yard in Ras Al-Khair, Saudi located within the Ras Al-Khair Special Economic Zone, the 400,000 square metre fabrication yard is designed to serve both offshore and onshore projects, with an annual production capacity of 40,000 with advanced automation and digital systems, the facility delivers full-spectrum fabrication, rigging, maintenance, and modularisation services for complex energy Energy has invested Dh200 million to create productive and safe facilities at the Ras Al-Khair yard, with the aim of reducing emissions. By embedding advanced technologies, NMDC Energy is delivering advanced solutions that align with the energy sector's needs while helping to support of NMDC Energy, Mohamed Hamad Almehairi, said, 'The launch of fabrication activities in Ras Al-Khair represents a major step forward in our regional expansion strategy. With over 51 years of experience, NMDC Energy is proud to bring its legacy of excellence to the Kingdom, creating new opportunities for prosperity across Saudi Arabia, the UAE, and the wider region."The yard is already operational – with nine offshore jackets currently in production for long-standing client Aramco – as NMDC Energy continues to deliver complex fabrication in the Kingdom, in line with national industrial and localisation milestone broadens NMDC's client base across the Kingdom and supports Saudi Vision 2030 by adding strategic industrial enable seamless execution across projects, more than 1,800 experienced employees will be mobilised from Abu Dhabi to Saudi Arabia, ensuring rigorous quality control and the smooth delivery of advanced infrastructure Ras Al-Khair yard is central to NMDC Energy's Saudi strategy and localisation roadmap. Over the past five years, the company has reinvested billions of riyals into the Saudi economy and is on track to increase its In-Kingdom Total Value Add (iktva) score to 39 percent by 2025 and 51 percent by an anchor tenant in the Ras Al-Khair Special Economic Zone, NMDC Energy supports further trade, investment, and employment growth in Saudi Arabia. NMDC Energy plans to leverage the full capabilities of the Ras Al-Khair yard to enable joint innovations and shared prosperity across the energy and manufacturing sectors.
Zawya
13 hours ago
- Business
- Zawya
NMDC Energy commences fabrication at Ras Al-Khair yard, Saudi Arabia
DAMMAM - NMDC Energy, a leading provider of engineering, procurement, and construction (EPC) services for offshore and onshore energy clients, has started fabrication at its advanced yard in Ras Al-Khair, Saudi Arabia. Strategically located within the Ras Al-Khair Special Economic Zone, the 400,000 square metre fabrication yard is designed to serve both offshore and onshore projects, with an annual production capacity of 40,000 tonnes. Equipped with advanced automation and digital systems, the facility delivers full-spectrum fabrication, rigging, maintenance, and modularisation services for complex energy infrastructure. NMDC Energy has invested AED200 million to create productive and safe facilities at the Ras Al-Khair yard, with the aim of reducing emissions. By embedding advanced technologies, NMDC Energy is delivering advanced solutions that align with the energy sector's needs while helping to support Aramco. Mohamed Hamad Almehairi, Chairman of NMDC Energy, said, 'The launch of fabrication activities in Ras Al-Khair represents a major step forward in our regional expansion strategy. With over 51 years of experience, NMDC Energy is proud to bring its legacy of excellence to the Kingdom, creating new opportunities for prosperity across Saudi Arabia, the UAE, and the wider region." The yard is already operational – with nine offshore jackets currently in production for long-standing client Aramco – as NMDC Energy continues to deliver complex fabrication in the Kingdom, in line with national industrial and localization goals. The milestone broadens NMDC's client base across the Kingdom and supports Saudi Vision 2030 by adding strategic industrial capacity. To enable seamless execution across projects, more than 1,800 experienced employees will be mobilised from Abu Dhabi to Saudi Arabia, ensuring rigorous quality control and the smooth delivery of advanced infrastructure projects. The Ras Al-Khair yard is central to NMDC Energy's Saudi strategy and localization roadmap. Over the past five years, the company has reinvested billions of riyals into the Saudi economy and is on track to increase its In-Kingdom Total Value Add (iktva) score to 39 percent by 2025 and 51 percent by 2028. As an anchor tenant in the Ras Al-Khair Special Economic Zone, NMDC Energy supports further trade, investment, and employment growth in Saudi Arabia. NMDC Energy plans to leverage the full capabilities of the Ras Al-Khair yard to enable joint innovations and shared prosperity across the energy and manufacturing sectors.
Zawya
15 hours ago
- Business
- Zawya
NMDC Energy commences fabrication at Ras Al-Khair yard, supporting industrial growth in Saudi Arabia
Dammam, Saudi Arabia: NMDC Energy, a leading provider of engineering, procurement, and construction (EPC) services for offshore and onshore energy clients, has started fabrication at its advanced yard in Ras Al-Khair, Saudi Arabia. The first steel cut marks the start of operations and positions the facility as a supporter of the Kingdom's industrial growth and energy ambitions. Strategically located within the Ras Al-Khair Special Economic Zone, the 400,000 square meter fabrication yard is designed to serve both offshore and onshore projects, with an annual production capacity of 40,000 tonnes. Equipped with advanced automation and digital systems, the facility delivers full-spectrum fabrication, rigging, maintenance, and modularization services for complex energy infrastructure. NMDC Energy has invested AED 200 million to create productive and safe facilities at the Ras Al-Khair yard, with the aim of reducing emissions. By embedding advanced technologies, NMDC Energy is delivering advanced solutions that align with the energy sector's needs while helping to support Aramco. Mr. Mohamed Hamad Almehairi, Chairman of NMDC Energy, said: 'The launch of fabrication activities in Ras Al-Khair represents a major step forward in our regional expansion strategy. With over 51 years of experience, NMDC Energy is proud to bring its legacy of excellence to the Kingdom, creating new opportunities for prosperity across Saudi Arabia, the UAE, and the wider region. 'This yard is more than an operational asset – it is a long-term investment in Saudi Arabia's industrial infrastructure and a key pillar of our vision to support economic diversification, local capability, and regional energy transformation. It reflects our group-wide commitment to unlocking value in priority markets and delivering scale through partnerships.' The yard is already operational – with nine offshore jackets currently in production for long-standing client Aramco – as NMDC Energy continues to deliver complex fabrication in the Kingdom, in line with national industrial and localization goals. The milestone broadens NMDC's client base across the Kingdom and supports Saudi Vision 2030 by adding strategic industrial capacity. To enable seamless execution across projects, more than 1,800 experienced employees will be mobilized from Abu Dhabi to Saudi Arabia, ensuring rigorous quality control and the smooth delivery of advanced infrastructure projects. The Ras Al-Khair yard is central to NMDC Energy's Saudi strategy and localization roadmap. Over the past five years, the company has reinvested billions of riyals into the Saudi economy and is on track to increase its In-Kingdom Total Value Add (iktva) score to 39% by 2025 and 51% by 2028. Eng. Ahmed Al Dhaheri, CEO of NMDC Energy, commented: 'The Ras Al-Khair fabrication yard reflects our long-term commitment to Saudi Arabia's localization goals and our capacity to deliver complex projects at scale. With over five decades of experience, NMDC Energy is well-positioned to support the Kingdom's industrial ambitions and deliver world-class infrastructure to clients like Aramco. This step reinforces our role in supporting the Gulf's future as a global energy and manufacturing hub.' As an anchor tenant in the Ras Al-Khair Special Economic Zone, NMDC Energy supports further trade, investment, and employment growth in Saudi Arabia. The start of fabrication marks a new phase in NMDC Energy's growth, as it expands its regional footprint and supports strategic industries across the Gulf through the delivery of advanced infrastructure. NMDC Energy plans to leverage the full capabilities of the Ras Al-Khair yard to enable joint innovations and shared prosperity across the energy and manufacturing sectors.
Mid East Info
6 days ago
- Business
- Mid East Info
NMDC Energy delivers strong H1 growth, showcasing resilience and operational excellence - Middle East Business News and Information
default H1 revenue accelerated 41% year on year, and net profit climbed 16% Backlog stood at AED 49.9 billion, with AED 13.9 billion in awarded projects 400,000 sqm fabrication yard in Saudi Arabia now fully operational Extended its long-term agreement 'LTA' with Aramco, continuing a strategic partnership focused on offshore projects in Saudi Arabia Abu Dhabi, UAE;July 2025: NMDC Energy PJSC (ADX: NMDCENR), a majority-owned subsidiary of NMDC Group (ADX: NMDC), today announced strong financial results for the first half of 2025, with sustained growth demonstrating the company's strength and disciplined execution amid challenging market conditions. NMDC Energy continued its regional expansion, broadened its capabilities, and diversified its revenue streams in the first six months of 2025, delivering a 41% year-on-year surge in revenue to AED 8.2 billion and a 16% rise in net profit to AED 583 million over the same period. With remarkable award wins in the first half of 2025 totaling AED 13.9 billion, and a backlog that stood at AED 49.9 billion by the end of June 2025, NMDC Energy continues to pursue opportunities that align market demand with its long-term strategy, whereby it continues to build its pipeline of projects, which reached AED 66 billion by the end of the second quarter. In Q2 2025, revenue grew 21% year on year to AED 4.4 billion and a net profit of 12% to AED 366 million, supported by sustained momentum across core EPC and industrial operations. NMDC Energy's 400,000 sqm fabrication yard in Ras Al Khair, Saudi Arabia, became fully operational during the quarter. The facility strengthens the company's offshore EPC and modular construction capabilities across the region, supporting both current delivery and future growth. Mr. Mohamed Hamad Almehairi, Chairman of NMDC Energy, said: 'Our progress this quarter demonstrates NMDC Energy's pivotal role in building regional industrial capability at pace and at scale, as we charter a strategic path that emphasizes future-ready initiatives and targeted growth. These are not just partnerships – they are the building blocks for long-term value and self-sufficiency – as we invest our traditional strengths and emerging opportunities to deliver growth and operational excellence at the forefront of the evolving energy sector.' Eng. Ahmed Salem Al Dhaheri, CEO of NMDC Energy, added: 'We continue to build precision and scale into our operations. We advanced local manufacturing partnerships, expanded regional fabrication capacity, and brought one of the Gulf's most advanced yards online. These steps position NMDC Energy to undertake more complex EPC work – faster and at a greater scale. We are building the next phase of our growth with precision, ambition and impact as we shape a world where infrastructure meets excellence.' NMDC Energy continues to strengthen its long-lasting relationship with Aramco, with a 3-year extension to its Long-Term Agreement ('LTA') and an option for an additional 3 years. This extension solidifies NMDC Energy's continued role in supporting Aramco's offshore projects and contributing to Saudi Arabia's economic ambitions. The company was also awarded the ICV Excellence Award at MIITE in the Semi-Governmental Manufacturers category, recognizing its AED 17 billion reinvestment in the UAE economy through support for SMEs, local suppliers and workforce development. With more than 50 years of experience and a strong track record of successfully executed projects, NMDC Energy is on course for even greater gains as it continues to explore new growth opportunities and expand its reach. Guided by the two strategic pillars of geographical market expansion and capability expansion, NMDC Energy's global footprint demonstrates its commitment to transcending borders and shaping a world where infrastructure meets excellence.
Khaleej Times
6 days ago
- Business
- Khaleej Times
NMDC Energy H1 revenue accelerates 41% year on year, and net profit climbs 16%
NMDC Energy, a majority-owned subsidiary of NMDC Group, on Wednesday announced that its diversified revenue streams delivered a 41 per cent year-on-year surge in revenue in the first six months of 2025 to reach Dh8.2 billion, and a 16 per cent rise in net profit to Dh583 million over the same period. With award wins in the first half of 2025 totaling Dh13.9 billion, and a backlog that stood at Dh49.9 billion by the end of June 2025, NMDC Energy continues to pursue opportunities that align market demand with its long-term strategy, whereby it continues to build its pipeline of projects, which reached Dh66 billion by the end of the second quarter. In Q2 2025, revenue grew 21 per cent year on year to Dh4.4 billion and a net profit of 12 per cent to Dh366 million, supported by sustained momentum across core EPC and industrial operations. NMDC Energy's 400,000 sqm fabrication yard in Ras Al Khair, Saudi Arabia, became fully operational during the quarter. The facility strengthens the company's offshore EPC and modular construction capabilities across the region, supporting both current delivery and future growth. Mohamed Hamad Almehairi, Chairman of NMDC Energy, said: 'Our progress this quarter demonstrates NMDC Energy's pivotal role in building regional industrial capability at pace and at scale, as we charter a strategic path that emphasizes future-ready initiatives and targeted growth. These are not just partnerships – they are the building blocks for long-term value and self-sufficiency – as we invest our traditional strengths and emerging opportunities to deliver growth and operational excellence at the forefront of the evolving energy sector.' Ahmed Salem Al Dhaheri, CEO of NMDC Energy, added: 'We continue to build precision and scale into our operations. We advanced local manufacturing partnerships, expanded regional fabrication capacity, and brought one of the Gulf's most advanced yards online. These steps position NMDC Energy to undertake more complex EPC work – faster and at a greater scale. We are building the next phase of our growth with precision, ambition and impact as we shape a world where infrastructure meets excellence.' NMDC Energy continues to strengthen its long-lasting relationship with Aramco, with a 3-year extension to its long-term agreement (LTA) and an option for an additional 3 years. This extension solidifies NMDC Energy's continued role in supporting Aramco's offshore projects and contributing to Saudi Arabia's economic ambitions. With more than 50 years of experience and a strong track record of successfully executed projects, NMDC Energy is on course for even greater gains as it continues to explore new growth opportunities and expand its reach.
