The National Marine Dredging Company announced the award of a project to the company worth 596 million dirhams ($ 162.3 million).
The company said in a statement to the Abu Dhabi Securities Exchange today, Tuesday, that the project is for dredging and digging works in Saadiyat Lakes in the Emirate of Abu Dhabi.
The company stated in a previous statement to the market that it will implement the project in partnership with the Egyptian-Emirati Al-Tahadi Company, noting that the implementation of the project will be over the next two years.
It is noteworthy that the company won, last September, the award of the Manzala Lake expansion project in Egypt at a total cost of 600 million dirhams.
The company achieved profits of 142.7 million dirhams in the first nine months of this year, compared to 116.3 million dirhams in the same period in 2019, an increase of 23%. < / p>
