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Emirati MDC secures 3 Saudi Aramco projects
Nmdc Energy announced that it has secured three new projects from Saudi Aramco valued at 2.8 billion dirhams (about $763.3 million), including engineering, procurement, and construction works for offshore projects. The projects are expected to be completed within 18 to 23 months. However, the company's profits declined by 57% in the first half of 2026, reaching 250 million dirhams compared to 582 million dirhams in the first half of 2025, with a 48% decrease in operating income.
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