National Petroleum Construction Company signs strategic MoUs at EGYPS
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National Petroleum Construction Company signs strategic MoUs at EGYPS

National Petroleum Construction Company signs strategic MoUs at EGYPS

UAE-based National Petroleum Construction Company signed agreements with leading Egyptian companies to explore growth opportunities in the MENA region

National Petroleum Construction Company (NPCC), a subsidiary of the National Marine Dredging Company (NMDC) has signed a memorandum of understanding (MoU) with Egyptian firm, Engineering for the Petroleum & Process Industries (ENPPI) to collaborate on projects in the MENA region.

The agreement, which was signed during the Egypt Petroleum Show (EGYPS), was signed by Engineer Ahmed Al Dhaheri, CEO of NPCC and Engineer Mohammed Abdel Aziz,  chairman and CEO of ENPPI. The MoU will support the industry and companies in driving their ambitious growth plans.

Engineer Yasser Zaghloul, group CEO, NMDC said: “This agreement highlights our strong association and signals that we are a committed partner in strengthening the bilateral ties between the UAE and Egypt through mutually rewarding expansion plans.  The group is focused on being a partner in the progress of our nation through its support to vital infrastructure development such as ports and in the energy sector, including renewables and energy transition. We are also using solutions at our disposal to facilitate further diversification of our business interests. In view of these goals, we see ENPPI as a strategic partner as we look forward to aligning with them on ventures of mutual interest.

“The group brings diverse competencies – meeting every requirement of national infrastructure development – such as dredging and marine services, covering dredging fleet, civil and port development; and energy, covering upstream, downstream, onshore, offshore, renewable energy, energy transition, and maintenance and turnaround, in addition to shared initiatives such as survey, subsea, decommissioning and heavy lift.”

Engineer Ahmed Al Dhaheri, CEO of NPCC, added, “This collaboration highlights the necessity of knowledge sharing and mutually rewarding collaborations in a global scenario where business dynamics and ground realities keep changing daily. Through this agreement we aim to expand our presence in Egypt and look ahead at partnering with ENPPI to unlock future opportunities in the wider MENA region.”

Based on the MoU, both companies will work together to secure mutually agreed projects that will be implemented within the MENA region, examine opportunities to enhance their relationship and, in the best interest of achieving their objectives, assess the interests to proceed jointly with the activities in relation to, or in connection with anticipated projects in the region.

NPCC also signed an MoU on February 15 with Petroleum Marine Services to strengthen cooperation in exploring engineering, procurement and construction project opportunities in the oil and gas sector in Egypt and the region.

Through the MoU, the two entities aim to explore opportunities in the energy sector, which has tremendous potential in Egypt and other regions.

Zaghloul, said: “For 2022 and beyond, we will continue to build on our expansion plans and explore new business opportunities and geographies, which will lead to creating a strong infrastructure based on expertise and knowledge across the industry value chain. The agreement further consolidates our presence in Egypt.”

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