NMDC Group Company Profile

Background

Established in 1973, NMDC Group has evolved into a leading international engineering, procurement, and construction (EPC) and marine services conglomerate. With a robust presence across the Middle East, North Africa (MENA) region, South Asia, and beyond, the group specializes in delivering innovative solutions to complex challenges in the energy and marine sectors. NMDC Group's mission is to leverage the talent and experience of its people to provide environmentally conscious, safe, and cost-efficient EPC solutions, thereby generating exceptional returns for shareholders.

Key Strategic Focus

NMDC Group's strategic focus encompasses five primary business units:

NMDC Dredging & Marine: Specializes in marine dredging, reclamation, and construction, delivering projects of superior quality with a commitment to generating true value for stakeholders.

NMDC Energy: Provides comprehensive EPC solutions tailored to both offshore and onshore clients in the oil & gas and energy industries, continuously meeting industry challenges.

NMDC Engineering: A leading coastal and marine engineering consultancy with experience across marine, civil, hydraulics, geotechnical, and environmental engineering, enabling the completion of large-scale infrastructure projects.

NMDC Infra: Pioneers in construction technology, offering sustainable and affordable precast concrete solutions for structural and architectural elements.

NMDC LTS (Logistics & Technical Services): Delivers industry-leading support for complex infrastructure projects, driving operational excellence and efficiency across the construction and industrial sectors.

The group's core objectives include expanding its global footprint, enhancing technological capabilities, and fostering sustainable growth through strategic partnerships and innovation.

Financials and Funding

As of 2023, NMDC Group reported a revenue of AED 7.9 billion, with an EBITDA of AED 953 million. The company's backlog stood at AED 53.9 billion as of June 2024, reflecting a strong pipeline of projects. In 2024, NMDC Energy, a subsidiary of NMDC Group, successfully completed its Initial Public Offering (IPO), further strengthening the group's financial position and enabling continued investment in growth initiatives.

Pipeline Development

NMDC Group has an extensive portfolio of ongoing and completed projects across various sectors:

Energy Sector: Projects such as the Ghasha Concession Artificial Islands and the Nasr Full Field Development Project - Pkg-1 + 85 MBD Modification demonstrate the group's capabilities in delivering complex energy infrastructure.

Marine Sector: The New Suez Canal project highlights NMDC's expertise in large-scale dredging and marine construction.

Infrastructure: Projects like the Umm Lulu Full Field Development Project (Pkg-1) showcase the group's proficiency in onshore and offshore infrastructure development.

These projects are at various stages of development, with anticipated milestones aligned with client requirements and industry standards.

Technological Platform and Innovation

NMDC Group distinguishes itself through the adoption of advanced technologies and innovative methodologies:

Proprietary Technologies: Utilization of Hi-Smelt technology in steel production, as evidenced by the Nagarnar Steel Plant, enhances efficiency and product quality.

Scientific Methods: Implementation of cutting-edge engineering practices in marine dredging and construction ensures precision and sustainability.

AI-Driven Capabilities: Integration of artificial intelligence in project management and operational processes optimizes performance and decision-making.

These technological advancements position NMDC Group at the forefront of the industry, enabling the delivery of complex projects with enhanced efficiency and reduced environmental impact.

Leadership Team

NMDC Group's leadership comprises seasoned professionals with extensive industry experience:

H.E. Mohamed Hamad Ghanem Hamad Almehairi: Chairman, with over 25 years of experience in investment and business sectors, leading strategic initiatives and corporate governance.

Eng. Yasser Zaghloul: Group CEO, recognized among the Top 100 CEOs in the Middle East by Forbes Middle East in 2022, 2023, and 2024, driving the group's expansion and success in the marine and energy sectors.

Eng. Ahmed Al Dhaheri: CEO of NMDC Energy, leading the transformation and growth strategy of the energy division since 2018.

Eng. Hesham Awda: Chief Operating Officer – Offshore, overseeing offshore operations and project execution.

Eng. Hanna Dahdah: Chief Engineering & Commercial Officer, responsible for engineering excellence and commercial strategies.

Paolo Bigi: Chief Operating Officer (Onshore), managing onshore operations and project delivery.

Ashish Khandelwal: Finance Director, overseeing financial management and strategic investments.

This leadership team is instrumental in steering NMDC Group towards achieving its strategic objectives and maintaining its industry-leading position.

Leadership Changes

Recent leadership appointments include:

Sanjay Tandon: Appointed as Additional Director on April 15, 2025.

Priyadarshini Gaddam: Appointed as Additional Director on February 28, 2025.

These appointments reflect NMDC Group's commitment to strengthening its leadership team to support ongoing growth and diversification efforts.

Competitor Profile

Market Insights and Dynamics

The global EPC and marine services industry is characterized by significant growth potential, driven by increasing infrastructure development and energy projects worldwide. The Middle East, in particular, presents substantial opportunities due to ongoing investments in oil & gas, renewable energy, and maritime infrastructure.

Competitor Analysis

Key competitors in the industry include:

Saipem: An Italian multinational specializing in onshore and offshore projects, known for its advanced technological solutions and extensive project portfolio.

TechnipFMC: A global leader in subsea, onshore, offshore, and surface technologies, offering integrated solutions across the energy value chain.

McDermott International: Provides integrated engineering, procurement, construction, and installation services, with a strong presence in the Middle East.

These competitors focus on technological innovation, strategic partnerships, and expanding their service offerings to maintain competitive advantages in the market.

Strategic Collaborations and Partnerships

NMDC Group has established significant collaborations to enhance its market position and innovation capacity:

Al Gharbia Pipe Company: A joint venture to accelerate pipeline manufacturing in the UAE, supporting regional energy sector growth.

Hilong Group: Memorandum of Understanding to explore collaboration in the UAE and KSA, aiming to strengthen service offerings in the energy sector.

Jiangsu Juxin Petroleum Steel Pipe: Agreement to explore collaboration, enhancing NMDC's capabilities in steel pipe manufacturing.

These partnerships align with NMDC Group's strategic objectives to expand capabilities, enter new markets, and drive innovation.

Operational Insights

NMDC Group's strategic considerations include:

Market Position: Leveraging a strong presence in the MENA region and South Asia to capitalize on infrastructure and energy project opportunities.

Competitive Advantages: Integrated service offerings across multiple business units, advanced technological capabilities, and a robust project portfolio.

Differentiators: Commitment to sustainability, innovation, and delivering complex projects with high efficiency and quality standards.

These factors contribute to NMDC Group's ability to maintain a competitive edge in the industry.

Strategic Opportunities and Future Directions

NMDC Group's strategic roadmap includes:

Expansion into Renewable Energy: Leveraging expertise to participate in renewable energy projects, aligning with global decarbonization efforts.

Technological Innovation: Investing in advanced technologies and digital transformation to enhance operational efficiency and service offerings.

Geographic Diversification: Exploring opportunities in emerging markets to expand the global footprint and client base.

By capitalizing on these opportunities, NMDC Group aims to sustain growth and reinforce its position as a leader in the EPC and marine services industry.