Abu Dhabi's NMDC wins $408m canal deal


23/11/2009 00:00 AST

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.

Reuters
National Marine Dredging Co. - NMDC
2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | News Archive
Most Viewed Companies
Ticker Price Volume
RIBL 11.1 408,710
QNBK 137 56,720
SABIC 83.22 9,564,103
GFH 0.24
SIPCHEM 14.42 390,009
ALMARAI 54.99 272,022
STC 64.16 443,225
Recent News

Central Bank of Bahrain bonds oversubscribed
The latest issue of five-year government development bonds has received subscription to the tune of 113 per cent, the Central Bank of Bahrain (CBB) announced yesterday.

Subscriptions worth

Goods and services set to cost more with VAT rollout
Consumers and businesses in Bahrain need to gear up for the introduction of Valued Added Tax (VAT) from January 1, 2018 which is set to make consumption of goods and services more expensive.

First independent Chinese refiner trades DME Oman
Shandong Chambroad Petrochemicals Co, has become the first independent Chinese refiner to trade Oman crude oil futures on the DME, the leading east of Suez energy exchange. The Chinese government al

National Bank of Oman to offer mortgages on Bausher Heights villas
National Bank of Oman (NBO) announced on Wednesday that it has entered into an agreement to offer mortgages on 16 villas currently being built in the Bausher Heights development in Muscat.

Major initiatives to make a central fisheries hub for the region
Oman is taking several major steps to develop fisheries sector to make the country a hub for the region, said the Minister for Agriculture and Fisheries.

“We are trying to build Oman as a

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Looking ahead, what change you are more likely to make in investing in your domestic stock market?