23/05/2025 02:32 AST

NMDC Energy, a provider of engineering, procurement and construction services for offshore and onshore energy clients, has signed a memorandum of understanding (MoU) with Al Gharbia, an Abu Dhabi-based advanced pipeline manufacturer, to explore ways to accelerate pipe production in the UAE to meet local and regional demand.

Al Gharbia is one of the most technologically advanced longitudinally submerged arc welded (LSAW) pipe manufacturers in the world and one of the first large scale manufacturers to embrace Industry 4.0, said a Wam news agency report.

More broadly, the partnership forms part of the MIITE mandate to drive industrial growth in the UAE, and it serves as another credible example of the increasing level of synergy between key local players in the UAE's industrial and energy landscape.

Ahmed Al Dhaheri, CEO of NMDC Energy, said: "As a diverse company operating in future-focused sectors, NMDC Energy always looks to uncover synergies that we know will bring about impactful solutions to address the evolving demands of these industries. As such, we're proud to build on our relationship with Al Gharbia in ways that will advance pipe manufacturing in Abu Dhabi to not only serve the UAE but also the entire region. This collaboration highlights the depth and sophistication of UAE home-grown businesses, specifically how our combined expertise is locally significant yet globally relevant."

At MIITE, NMDC Group & NMDC Energy are showing how their work serves as a catalyst in propelling the development of Abu Dhabi and how the businesses within the Group bolsters the UAE's efforts to further shape its modern landscape and stimulate the local economy.

The group is announcing several strategic partnerships, and will also provide updates on its projects, particularly its work internationally where the Group has an active pipeline of activities in Saudi Arabia, Oman, Taiwan, and Vietnam, alongside its work in the UAE.


Trade Arabia

NMDC Energy, Baker Hughes sign deal to localize offshore solutions in Saudi Arabia

13/11/2025

Abu Dhabi-based NMDC Energy has signed a memorandum of understanding with US energy technology firm Baker Hughes to localize offshore solutions in Saudi Arabia.

The collaboration aims to en

Arab News

NMDC Energy secures $2.6bn Abu Dhabi EPC contract

17/03/2025

NMDC Energy (formerly National Petroleum Construction Company) has announced that it has received a letter of award worth AED9.7 billion ($2.6 billion) for a key energy project in Abu Dhabi.

Trade Arabia

Ticker Price Volume
NMDCENR Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
SAUDIARAMCO 24.52 0.06 (0.24%)
ADNOCGAS 3.36 0.02 (0.59%)
ADNOCDRILL 5.49 0.09 (1.66%)
BAHRI 29.50 0.00 (0.00%)
ADES 16.97 0.12 (0.71%)
Gulf Bank launches Concierge App in collaboration with Peacock Concierge

06/03/2026

As part of its ongoing commitment to delivering innovative digital solutions that enhance customers' lifestyles, Gulf Bank has launched its new Concierge App in strategic collaboration with Peacock C

Kuwait Times

Union Properties joins Massachusetts institute's industrial liaison programme

06/03/2026

Union Properties, one of the UAE's leading master developers, said it has entered into a membership agreement with the Massachusetts Institute of Technology (MIT) through its globally recognised Indu

Trade Arabia

Emirates NBD waives ATM withdrawal and debit card fees across UAE and GCC

06/03/2026

Emirates NBD has waived a range of banking fees for customers across the UAE and the wider Gulf, making cash and card services easier to access during a period of heightened regional uncertainty.

Gulfnews

2PointZero buys majority stake in Italian packaging group ISEM for $192m

06/03/2026

2PointZero Group, a next-generation investment powerhouse focused on energy and consumer sectors, has announced that it has formally completed the transaction to acquire a majority position in ISEM,

Trade Arabia

SAL agrees $30m Aviapartner Liege acquisition to expand into Europe

06/03/2026

SAL Saudi Logistics Services Co. has agreed to acquire Belgium-based Aviapartner Liege SA for ?28 million ($30.3 million), giving the Saudi logistics firm a foothold at one of Europe's major air carg

Arab News