THE MIDDLE EAST’S

48. NMDC Group

Country: U.A.E.
Sector: Industrials
Group CEO: Yasser Zaghloul
Market Value: $5.5 billion
Sales: $7.2 billion
Profits: $846 million
Assets: $9 billion

Founded in 1976, NMDC Group provides Engineering, Procurement, and Construction (EPC) solutions for both onshore and offshore projects, in addition to marine dredging capabilities, logistics and technical services, and advanced marine engineering and construction across the MENA region and Southeast Asia. The Group operates through five core business units: NMDC Dredging & Marine, NMDC Energy, NMDC Engineering, NMDC LTS, and NMDC Infra. As of March 2025, the company’s project backlog reached over $20 billion. Its operations span several key markets including the U.A.E., Saudi Arabia, Egypt, Qatar, Oman, Kuwait, India, the Maldives, and Taiwan.