Abu Dhabi's NMDC wins $408m canal deal


National Marine Dredging Co. - NMDC
8.50 0.00 0.00%
23/11/2009 00:00 AST  Reuters
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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.

Profile: National Marine Dredging Co. (NMDC)
National Marine Dredging Co. - NMDC
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