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.

National Marine Dredging Co. - NMDC
2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | News Archive
Most Viewed Companies
Ticker Price Volume
SABIC 85.11 2,598,179
STC 58.51 1,084,037
RIBL 9.2 1,697,688
EEC 17.7 703,708
ADCB 6.18 1,090,320
DIB 5.28 3,673,039
JABALOMAR 59.65 1,419,576
Recent News

Muscat stock market drops
Amid poor trading volumes, the MSM30 Index declined by 0.12 per cent to close at 5,531.45 points. The MSM Sharia Index closed at 848.57 points, down by 0.09 per cent.

Oman & Emirates Hold

CMA plans to authorise listing of Real Estate Investment Trust in Oman
A combination of Initial Public Offerings (IPOs), planned disinvestments by the government in state-owned entities, and the listing of Real Estate Investment Trusts (REITs) for the first time in the

Public sector drives Qatar’s loan book in September: QNBFS
Driven by the public sector, Qatar banks’ overall loan book climbed up 1.1% month-on-month (MoM) in September, QNB Financial Services (QNBFS) has said in a report. The loan book increased by 1.1% M

Malaysia eyes sukuk ties with Qatar
Plans are in the pipeline to invite the Qatar Financial Centre (QFC) and Qatar-based Islamic banks to visit Malaysia and explore avenues for partnerships in the sukuk market, a high ranking Malaysian

IMF acclaims Qatar’s strategy to diversify financing sources
Qatar’s plans to chart a course towards diversifying its financing sources has been well-appreciated by the International Monetary Fund (IMF). Commenting on Qatar’s ongoing efforts to tap the intern

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


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