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-ADNOC Awards AED 5 Billion Contract for Construction of Ghasha Concession Artificial Islands

Feb 07, 2019 - ENP Newswire

Abu Dhabi - The Abu Dhabi National Oil Company (ADNOC) announced, today, the award of a dredging, land reclamation and marine construction contract to build multiple artificial islands in the first phase of development of the Ghasha Concession.

The contract awarded to the UAE's National Marine Dredging Company (NMDC) is valued at AED 5 billion (US 1.36 billion) and will achieve substantial In-Country Value of over 70 percent. The Ghasha Concession consists of the Hail, Ghasha, Dalma, Nasr ...