The event follows the recent MoU signed between NMDC Group and the Abu Dhabi Chamber to uncover growth opportunities in the private sector and maximize value across the supply chain ecosystem. 'Let's Grow Together' to enhance Abu Dhabi based supplier awareness of market needs, increase their understanding of qualification criteria, and open new procurement avenues.
Abu Dhabi, UAE: National Marine Dredging Group (NMDC Group) and the Abu Dhabi Chamber of Commerce and Industry (ADCCI) today launched the 'Let's Grow Together' supplier engagement event geared towards bolstering business opportunities for Abu Dhabi-based suppliers, as part of their efforts to unveil untapped opportunities that benefit the industrial business ecosystem and drive local economic growth.
The event, which took place at the Abu Dhabi Chamber's building, welcomed more than 500 suppliers and business partners from various industries who were able to learn about the many opportunities available within the Group's ongoing and future projects, its supply chain needs, supplier qualification criteria and requirements to maximize participation.
During the event, H.E Abdulla Mohamed Al Mazrui, Chairman of the Abu Dhabi Chamber, said,“This significant event, which is a direct result of our MoU with NMDC Group, supports the UAE's vision of creating a diversified and resilient economy, in line with the Abu Dhabi Economic Vision 2030 and the UAE Centennial 2071. We are also proud to be supporting the country in its efforts to increase the productivity of the national industry and shaping the future of the UAE's economy, to establish the country's position among the best global economies.”
“Today's event offers businesses a unique opportunity to establish crucial relationships that can accelerate their growth and enhance their operational efficiency. We remain steadfast in our commitment to organizing and sponsoring strategic events that foster networking opportunities within the private sector and with governmental entities, which play a crucial role in driving the country's economic progress to new heights,” His Excellency added.
Eng. Yasser Zaghloul, CEO, NMDC Group, said,“This partnership exemplifies the shared commitment of NMDC Group and Abu Dhabi Chamber to ensure the growth and development of Abu Dhabi's private sector. At the core of our 'Let's Grow Together' initiative lies a powerful objective to accelerate the advancement of Abu Dhabi based industries, empowering them to become more competitive and better equipped to navigate the challenges of the modern business landscape. The 'Let's Grow Together' initiative will undoubtedly contribute to creating unique opportunities for companies and suppliers, thereby accelerating their growth and supporting national economic development goals.”
He added,“We take great pride in our role as a key shaper of the modern Abu Dhabi landscape and industrial infrastructure you know today, and through this initiative, NMDC Group aims to involve suppliers in our high impact projects and collaborate closely to ensure the continued prosperity of the nation and the communities we serve. By investing in our people and industries, we will not only foster a flourishing and sustainable economy, but also open the door to exciting new opportunities in markets beyond the UAE, like the wider GCC and North and East Africa, unlocking new possibilities for growth.”
Through the course of the event which is held under the theme of“Accelerate the growth and qualifications of Abu Dhabi local industries,” NMDC Group communicated its project portfolio requirements, spanning a wide range of onshore and offshore needs including aggregates, piping, painting, and coating, as well as marine vessels and plant and equipment among others.
Suppliers will also be able to register for NMDC Group's projects at the Abu Dhabi Chamber's business centre on Friday, March 17th and Monday, March 20th.
'Let's Grow Together' is the result of the recent MoU signed between NMDC Group and Abu Dhabi Chamber that aimed to identify development and growth opportunities in the private sector. The two parties agreed to exchange information, data and experiences related to strategies, policies, and plans to ensure clarity of the requirements for the Abu Dhabi supply chain.
NMDC Group currently has more than AED 54 billion worth of projects under execution and has demonstrated the success of its geographic expansion strategy and ability to enter new business verticals, further strengthening its position locally and regionally as an EPC and marine dredging powerhouse, with contracts worth more than AED 9.6 billion secured in the year 2022 alone. NMDC Group's major subsidiaries include National Marine Dredging Company and National Petroleum Construction Company.
NMDC Group has a number of upcoming projects in Southeast Asia and South Asia, which highlight the confidence of the industry and clients in the Group's competencies. The Group has developed exceptional capabilities in energy EPC for offshore and onshore construction and the maintenance of oil and gas facilities. It has also expanded its marine contracting operations through aggressive expansion for the construction and maintenance of ports, waterways, and near-water structures.
About NMDC (The Group):
National Marine Dredging Company (The Group), the UAE's leading contractor in the field of engineering, procurement, construction, and marine dredging in the Middle East spanning vital sectors, creating solutions that meet the challenges of the future in the energy EPC sector. Under its umbrella, the group owns and operates NMDC, NPCC, and EEMDC.
NMDC is a leading contractor in the field of dredging and marine civil construction, delivering a range of services including the construction of port infrastructure, land reclamation, coastal defense, and deepening and maintenance of waterways. NMDC owns and operates a modern fleet of dredgers, pipelaying vessels, and jack-up barges supported by a wide range of auxiliary equipment including tugs, workboats, barges, and survey vessels.
About ADCCI (Abu Dhabi Chamber):
Established in 1969 by a royal decree issued by the late Sheikh Zayed bin Sultan Al Nahyan, Ruler of Abu Dhabi and the Founding Father of the UAE, the Abu Dhabi Chamber of Commerce and Industry was born out of the need to forge a unified body to support, promote, enhance and protect the business interests of enterprises in the Emirate of Abu Dhabi.
The Abu Dhabi Chamber has developed an ambitious strategy to enable the Emirate's private sector to reach its full potential in a competitive business environment. By advocating for policies that promote innovation, entrepreneurship, and investment, the Chamber strives to make Abu Dhabi the first choice in the MENA region for doing business by 2025.
The Chamber manages the Economic Collaboration Committee (ECC), sectorial working groups, and business councils in Abu Dhabi, to identify the challenges facing the private sector, pass on the sector's concerns to government authorities, and contribute to the development of legislations that drive the growth of Abu Dhabi's economy.