Abu Dhabis National Marine Dredging Company (NMDC) has won a Dh1.5 billion ($408.4 million) contract to build a canal in the UAEs capital, the official Wam news agency reported.
The Abu Dhabi Urban Planning Council awarded the contract, Wam said.
The 63.5 kilometre long Mussafah canal is scheduled to be completed by the end of June 2010, NMDCs chairman Mohammed Thani Murshid Al-Rumaithi said.
Mashreq eyes new home near Burj Khalifa
Mashreq has signalled plans to relocate its corporate headquarters near Burj Khalifa from its long-standing home in Deira.
The move comes amid record earnings in 2014.
The bank
Energy sector mergers and acquisitions in focus
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Oil prices find traction, but huge glut remains
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