Shareholders back Middle East engineering merger

Shareholders of National Marine Dredging Co. and oil and gas engineering group National Petroleum Construction Co. have backed a proposed merger.
Dec. 15, 2020
(Courtesy NPCC)
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Offshore staff

ABU DHABI, UAE – Shareholders of National Marine Dredging Co. (NMDC) and oil and gas engineering group National Petroleum Construction Co. (NPCC) have backed a proposed merger.

According to one NPPC shareholder, General Holding Corp., the transaction would create a new national and regional integrated EPC force with an established footprint in the MENA and South Asia regions.

It would also be one of the largest integrated oil and gas and marine services EPC players in the MENA region with revenues last year totaling AED 8.875 billion ($2.42 billion).

12/15/2020

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