Middle East Contracting Giant's Massive Growth
In a significant development for the energy sector, NMDC Energy has unveiled a $16.7 billion projects pipeline that signals major expansion and investment in the industry. This announcement comes alongside impressive financial performance, with revenue up 33% year-over-year.
The Numbers Behind the Growth
The company's order backlog stood at 45.6 billion dirhams as of September 30th, demonstrating strong future revenue visibility and project momentum. This substantial pipeline represents one of the largest project portfolios in the Middle Eastern energy contracting space.
Energy Explored: Cutting Through the Noise
In a world awash with information, Upstream helps readers filter out the noise and zero in on what matters in the international energy industry. For nearly three decades, they have been the go-to source for independent news and analysis of the major oil and gas projects shaping the industry and the people behind them.
Tracking the Energy Transition
In recent years, the publication has also chronicled the industry's efforts to transition to cleaner energy sources, providing valuable insights into how traditional energy companies are adapting to changing market demands and environmental considerations.
This massive project pipeline announcement highlights the continued strength and growth potential in the energy contracting sector, particularly in the Middle East region where major infrastructure and energy projects continue to drive economic development.
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