ADNOC awards AED 5 billion contract for construction of artificial islands
The Abu Dhabi National Oil Company (ADNOC) has awarded a dredging, land reclamation, and marine construction contract to build multiple 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).
Under the terms of the contract, NMDC will construct 10 new artificial islands and two causeways, as well as expand an existing island, Al Ghaf.
The project is expected to take 38 months to complete and will provide the infrastructure required to further develop, drill, and produce gas from the sour gas fields in the Ghasha Concession.
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