Abu Dhabi's NMDC wins $408m canal deal


23/11/2009 00:00 AST  Reuters

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
2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | News Archive

JAN | FEB | MAR | APR | MAY | JUN | JUL
Most Viewed Companies
Ticker Price Volume
EMAAR 9.77 9,103,558
RIBL 19.1 5,134,816
SECO 17.42 13,590,547
SAPTCO 38.52 625,023
SABIC 128.58 6,335,372
JULPHAR 3.14 8,712
EEC 88.53 2,668,195
Recent News

Kingdom sees modest increase in oil supply
OPEC’s oil production rose in July from June, a Reuters survey found, as a fragile recovery in Libyan supply outweighed fighting in Iraq and reduced output from Angola.

Saudi Arabia raised s

QCB set to issue QR4bn T-Bills
The T-bills, to be issued on Tuesday, will include QR2bn worth for three month period and QR1bn each of six-month and nine-month maturity period, the Central Bank said on its website.

QCB

du to enhance 4G service
In its efforts to enhance the user experience on its 4G LTE network, du - the Middle East’s fastest growing telecommunications service provider announced yet another milestone with the successful fie

Saudis occupy 35 percent of hotel rooms in Dubai
Dubai is once again proving to be the choicest destination for Saudis this summer, with hotels in the city showing 35 percent occupancy by them during the Eid Al-Fitr holidays, Al-Riyadh daily report

Gateway Earth Station coming up in Oman
US-based global telecom services provider ORBCOMM says its Oman partner Mahd Telecom has been granted regulatory approval to roll out wireless machine-to-machine communications services targeted at,

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

Poll

Which of the following do you think is the best long-term investment?