Emdcy Energy secures $763M in Aramco projects

NMD Energy Company won three new projects from Saudi Aramco with a total value of up to $763.3 million (2.8 billion AED). These include engineering, procurement, and construction work for offshore projects, which are expected to be completed within 18 to 23 months. However, the company reported a 57% decrease in profits in the first half of 2026, amounting to 250 million AED compared to 582 million AED in the same period of 2025, along with a 48% decline in operating income.

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