New Abu Dhabi-based contractor starts operations
13 January 2026
Abu Dhabi’s NMDC Group and Greece-based Consolidated Contractors Company (CCC) have announced the launch of a new contracting company that will primarily serve the oil and gas, civil and infrastructure sectors.
Headquartered in Abu Dhabi, NMDCCC is a 50:50 joint venture of NMDC Group and CCC. The two partners signed the joint-venture agreement to create the entity in April last year.
NMDCCC will operate as a subsidiary of NMDC Infra, a wholly owned subsidiary of NMDC Group.
“This strategic venture will provide world-class, full-spectrum engineering, procurement and construction services for the onshore oil and gas sector in the United Arab Emirates,” NMDC Group said in a statement.
“The new entity combines CCC’s extensive track record in executing complex energy and chemicals projects with NMDC Group’s unmatched capabilities and resources. This partnership creates a powerhouse of expertise, scale and innovation to serve the UAE’s energy infrastructure needs,” it said.
NMDC Group’s contracting activities are diversified under five business units: NMDC Dredging & Marine, NMDC Energy, NMDC Engineering, NMDC Infra and NMDC LTS.
Abu Dhabi-based investment company Alpha Dhabi Holding owns 76.68% of NMDC Group’s issued share capital, with the remaining shares listed on the Abu Dhabi Securities Exchange (ADX).
NMDC Group reported revenues of AED20.5bn ($5.58bn) for the first nine months of 2025, up 11% year-on-year.
Net profit rose 26% over the same period to AED2.8bn, lifting the net profit margin to 13.5%.
The conglomerate’s backlog reached AED62.3bn as of September 2025. Total project awards in the first nine months of 2025 stood at AED17.7bn, with international markets accounting for 38%.
Meanwhile, NMDC Group continued to build its project pipeline, which reached AED89bn by the end of September.
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> AGENDA: Saudi real estate to surge in 2026
> BATTERIES: Batteries shape the region's energy future
> INTERVIEW: Tabreed finishes the year on a high
> CONTRACTORS: Managing risk in the GCC construction market
> ECONOMIC ACTIVITY INDEX: UAE and Qatar emerge as markets to watch
> AIRSHOW: Top deals signed at Dubai Airshow 2025
> MARKET FOCUS: Oman steadies growth with strategic restraint
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