The United Arab Emirates' oil and gas market is set to gain a new onshore engineering, procurement, and construction (EPC) entity named NMDCCC. This company is a joint venture established by NMDC Group's subsidiary, NMDC Infra, and the Consolidated Contractors Company (CCC).

Strategic Rationale and Market Context

The formation of NMDCCC is a direct strategic response to the significant investment plans within the UAE's energy sector, notably the $150 billion five-year investment plan unveiled by the Abu Dhabi National Oil Company (Adnoc). This ambitious plan, focusing on both onshore and offshore developments, is expected to generate billions of dollars in EPC project opportunities, benefiting major contractors.

Partnership Synergies and Service Offering

The venture is designed to leverage the complementary strengths of its parent companies. It combines CCC's proven track record in executing complex energy and chemicals projects with NMDC Group's extensive capabilities and resources. The stated objective is to create a "powerhouse of expertise, scale and innovation" that will provide world-class, full-spectrum EPC services specifically for the UAE's onshore oil and gas sector, thereby supporting the nation's energy growth ambitions.

Corporate Structure and Group Synergy

NMDCCC will operate as a subsidiary of NMDC Infra, which is itself a wholly-owned subsidiary of NMDC Group. This new onshore EPC venture is intended to complement and enhance NMDC Infra's existing market position. The strategic benefits for the wider group include:

• Increasing market share and tapping into new markets.
• Enabling the successful execution of a growing project backlog.
• Mitigating supply chain risk by securing in-house execution capabilities.
• Reducing project turnaround times to better serve clients.

This move aligns with NMDC Group's broader strategy to enhance its vertical activities by adding cutting-edge onshore EPC solutions to its service portfolio.

Leadership Perspective

The launch is viewed by group leadership as a strategic milestone that evolves the group's service offerings, grows its market share, and unlocks greater potential and value for the entire organization. It represents a significant step in expanding the group's integrated capabilities, which already include offshore fabrication through NMDC Energy, a key player in Saudi Aramco's Long Term Agreement framework.