National Marine wins $268mln contract to expand Khalifa Port.

National Marine Dredging Company (NMDC) has won AED 985.17 million contract for implementing works at the Khalifa Port Extension Project.

Following the completion of the expansion, the port’s total annual capacity will reach 5.6 million vessels.

The Khalifa Port’s free zone includes around 40 companies in different business segments, such as industrial and commercial businesses.

The free zone provides importers and exporters with easy access to markets, housing over 4.5 billion consumers in four zones worldwide.

In June, the Abu Dhabi-listed company was awarded under construction infrastructure works of Dalma Island.

During the first six months of 2018, the company achieved a profit of AED 10.3 million, compared to AED 2.1 million in the same period of 2017.

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