Marine projects joint venture formed in Abu Dhabi
Abu Dhabi companies the AD Ports Group and the NMDC Group have entered into an agreement to establish a new joint venture company to conduct offshore surveys and subsea services in the UAE, across the GCC region, as well as in select international markets.
The new Safeen Surveys and Subsea Services joint venture will offer a portfolio comprising offshore surveys (geophysical and geotechnical), trenching, and dredging support services. Additionally, the company will provide integrated subsea services, such as commercial diving services, remotely operated vehicles (ROVs), and unmanned inspection vessels along with the provision of customised solutions tailored for offshore operations related to the oil and gas and renewable energy sectors.
Safeen Survey and Subsea Services will operate in the UAE, GCC, and global markets where both the AD Ports Group and NMDC maintain a presence. These targeted global markets will include Saudi Arabia, Egypt, Taiwan, Sudan, Iraq, Mauritania, Mauritius, Guinea, Pakistan, and Western India.