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- Emirates NBD closes $1bn finance deal for Dubai Metro Blue Line project
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30/01/2017 10:52 AST
Abu Dhabi's National Marine Dredging Company said it has been awarded a $316-million engineering, procurement and construction (EPC) contract for a hitech floating LNG (liquefied natural gas) port at Jafrabad in the Indian state of Gujarat.
India's emerging energy entity, Swan LNG Private Limited (SLPL) is developing the country's first all-weather floating storage and regasification unit (FSRU)-based LNG import terminal in Gujarat at an estimated cost of $800 million.
On completion, it will have an initial capacity of 5 million metric tonnes per annum (MMTPA), expandable up to 20 MMTPA.
HH Sheikh Mohammed Bin Zayed Al Nayan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, launched the project during his recent three-day India visit.
He was there as the Chief Guest for India's 68th Republic Day Celebration at New Delhi on January 26.
This project award has set a new milestone in strategic relationship between India and UAE.
The Indian arm of NMDC, National Marine & Infrastructure India Private Limited (NMIIPL) has already begun construction on the project and targets to complete the project within three years, said a company spokesman.
"We are proud to be a part of India's next generation LNG import facility. We ensure that this world class infrastructure will be engineered with the highest paradigms of safety, environment, compliance, reliability and quality," he added.
Trade Arabia
20/05/2025
NMDC LTS, a business vertical of NMDC Group, a global leader in engineering, procurement, construction (EPC), and marine dredging services, has announced the signing of an MoU to explore the establis
Trade Arabia
01/05/2025
NMDC Group on Wednesday reported that it achieved 22 per cent year-on-year increase in net profit for the first quarter, from Dh641 million in Q1 2024 to Dh784 million in Q1 2025.
Revenues c
Khaleej Times
19/06/2017
National Marine Dredging Company said on Sunday it has approved subscription to 100 million shares in Arabtec Holding with a total value of Dh100 million.
The subscription was for shares in
Gulfnews
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| ALPHADHABI | 12.20 | -0.06 (-0.49 |
| IQCD | 12.77 | 0.03 (0.23 |
| ADNOCLS | 4.71 | 0.07 (1.50 |
| ADPORTS | 4.19 | 0.00 (0.00 |
| QEWS | 16.37 | 0.01 (0.06 |
17/07/2025
Emirates NBD has concluded AED3.9 billion ($1.06 billion) Syndicated Bonding Facilities to a consortium created by MAPA, LIMAK and CRRC that will deliver the new Dubai Metro 'Blue Line' Project.
Trade Arabia
17/07/2025
Adnoc announced on Wednesday its intention to transfer its 24.9 per cent shareholding in OMV AG to XRG, its wholly-owned international investment company.
This transfer, which is subject to
Khaleej Times
16/07/2025
In line with its commitment to enabling strategic partnerships that support sustainable business growth, Sohar International has signed a consolidated loan agreement with Liva Group, a leading multi
Muscat Daily
16/07/2025
Reflecting its commitment to enriching the banking experience of its customers by providing exclusive offers and special rewards, National Bank of Kuwait announced the joining of Abyat, a leading com
Kuwait Times
16/07/2025
Aamal Company has entered into an agreement with Al Jazi Real Estate to purchase the Golden (Aamal) Tower located in Onaiza, for a total price of QR478.4mn.
The purchase price was determined
Gulf Times
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