Article

In 2024, NMDC Energy experienced remarkable financial growth, with a net profit increase of 80% to AED 1.406 billion and revenues surging 82% to AED 14.44 billion. Its IPO was oversubscribed 31.3 times, reflecting strong investor confidence.

The company secured a diverse project portfolio in the MENA region, with Saudi Arabia being a key contributor. NMDC is also expanding globally, notably through a $1.14 billion contract with Taiwan Power Company. The company emphasizes sustainability and local economic development, reinforcing its position as a leading EPC contractor.