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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
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
08/03/2016
National Marine Dredging Co said its board has recommended to pay a dividend of 50 per cent dividend or 50 fils per share for 2015.
This would result in an outgo of Dh250 million, the comp
Gulfnews
12/01/2016
National Marine Dredging Company (NMDC) has pledged its support to the Abu Dhabi Global Summit of Marine & Maritime Leaders, by becoming the diamond sponsor.
The summit will be held on J
Trade Arabia
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| ALPHADHABI | 11.10 | 0.12 (1.09 |
| IQCD | 12.56 | 0.13 (1.04 |
| ADNOCLS | 4.42 | 0.02 (0.45 |
| ADPORTS | 4.04 | -0.06 (-1.47 |
| MPHC | 1.40 | -0.02 (-1.41 |
18/04/2025
Batelco, a part of Bahrain's leading digital solutions provider Beyon Group, has partnered with Nokia, a global leader in network technologies, up to deploy the kingdom's first private 5G network for
Trade Arabia
18/04/2025
As part of its ongoing efforts to create an ideal work environment that reflects its deep commitment to employee wellbeing and work-life balance, Gulf Bank has announced a reduction in daily working
Kuwait Times
18/04/2025
Zain Fintech, the financial services arm of Zain Group, a leading provider of innovative technologies and digital lifestyle communications operating in eight markets across the Middle East and Africa
Kuwait Times
17/04/2025
Bullish on Qatar's macroeconomic prospects, Al Mahhar Holding is exploring options on expanding its manufacturing base for the energy sector over the medium term and aims to diversify into renewables
The Peninsula
17/04/2025
Abu Dhabi-based global entities ADQ, IHC and Modon Holding have entered into a joint venture to form a dedicated infrastructure platform - Gridora - that will actively drive infrastructure developmen
Trade Arabia
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