NMDC Group bags AED1 billion Suez Canal dredging contract
UAE-based marine projects company the NMDC Group has been awarded an AED1 billion (US$270 million) contract for dredging of the Suez Canal in Egypt.
The dredging will be carried out between the canal’s 122-kilometre and 132-kilometre markers. This will later allow greater numbers of larger and deeper-draught ships to access the waterway.
Works are scheduled for completion in 2023.
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