THE MIDDLE EAST’S

82. NMDC Energy*

Country: U.A.E.
Sector: Energy
CEO: Ahmed Al Dhaheri
Market Value: $3.3 billion
Sales: $3.9 billion
Profits: $383 million
Assets: $4.5 billion

NMDC Energy, a subsidiary of the NMDC Group, operates four fabrication yards, with total fabrication area of over two million square meters and delivered more than 1,200 projects. It provides engineering, procurement, and construction services to both offshore and onshore clients in the energy industry. In September 2024, NMDC Energy listed 23% of its shares on the Abu Dhabi Securities Exchange (ADX) through an IPO that raised $877 million, with the offering oversubscribed 31.3 times. As of March 2025, the company’s project backlog reached $15.3 billion.