Latest news with #regionalexpansion
Zawya
15 hours ago
- Business
- Zawya
NMDC Energy delivers strong H1 growth, showcasing resilience and operational excellence
Backlog stood at AED 49.9 billion, with AED 13.9 billion in awarded projects 400,000 sqm fabrication yard in Saudi Arabia now fully operational Extended its long-term agreement ('LTA') with Aramco, continuing a strategic partnership focused on offshore projects in Saudi Arabia Abu Dhabi, UAE: NMDC Energy PJSC (ADX: NMDCENR), a majority-owned subsidiary of NMDC Group (ADX: NMDC), today announced strong financial results for the first half of 2025, with sustained growth demonstrating the company's strength and disciplined execution amid challenging market conditions. NMDC Energy continued its regional expansion, broadened its capabilities, and diversified its revenue streams in the first six months of 2025, delivering a 41% year-on-year surge in revenue to AED 8.2 billion and a 16% rise in net profit to AED 583 million over the same period. With remarkable award wins in the first half of 2025 totaling AED 13.9 billion, and a backlog that stood at AED 49.9 billion by the end of June 2025, NMDC Energy continues to pursue opportunities that align market demand with its long-term strategy, whereby it continues to build its pipeline of projects, which reached AED 66 billion by the end of the second quarter. In Q2 2025, revenue grew 21% year on year to AED 4.4 billion and a net profit of 12% to AED 366 million, supported by sustained momentum across core EPC and industrial operations. NMDC Energy's 400,000 sqm fabrication yard in Ras Al Khair, Saudi Arabia, became fully operational during the quarter. The facility strengthens the company's offshore EPC and modular construction capabilities across the region, supporting both current delivery and future growth. Mr. Mohamed Hamad Almehairi, Chairman of NMDC Energy, said: 'Our progress this quarter demonstrates NMDC Energy's pivotal role in building regional industrial capability at pace and at scale, as we charter a strategic path that emphasizes future-ready initiatives and targeted growth. These are not just partnerships – they are the building blocks for long-term value and self-sufficiency – as we invest our traditional strengths and emerging opportunities to deliver growth and operational excellence at the forefront of the evolving energy sector.' Eng. Ahmed Salem Al Dhaheri, CEO of NMDC Energy, added: 'We continue to build precision and scale into our operations. We advanced local manufacturing partnerships, expanded regional fabrication capacity, and brought one of the Gulf's most advanced yards online. These steps position NMDC Energy to undertake more complex EPC work – faster and at a greater scale. We are building the next phase of our growth with precision, ambition and impact as we shape a world where infrastructure meets excellence.' NMDC Energy continues to strengthen its long-lasting relationship with Aramco, with a 3-year extension to its Long-Term Agreement ('LTA') and an option for an additional 3 years. This extension solidifies NMDC Energy's continued role in supporting Aramco's offshore projects and contributing to Saudi Arabia's economic ambitions. The company was also awarded the ICV Excellence Award at MIITE in the Semi-Governmental Manufacturers category, recognizing its AED 17 billion reinvestment in the UAE economy through support for SMEs, local suppliers and workforce development. With more than 50 years of experience and a strong track record of successfully executed projects, NMDC Energy is on course for even greater gains as it continues to explore new growth opportunities and expand its reach. Guided by the two strategic pillars of geographical market expansion and capability expansion, NMDC Energy's global footprint demonstrates its commitment to transcending borders and shaping a world where infrastructure meets excellence.
Zawya
03-07-2025
- Business
- Zawya
Egypt: Zilla Capital advises Juhayna on strategic partnership with Saudi Arabia's AlRashed Group
Arab Finance: Zilla Capital Investment Bank has advised Juhayna Food Industries on a strategic partnership with AlRashed Group, a food distributor in Saudi Arabia, as per a statement. The agreement marks the start of Juhayna's operations in the Saudi market as part of its regional expansion plans. Khaled Gamal, Co-Founder and Managing Partner of Zilla Capital, said that Juhayna's entry into Saudi Arabia is a pivotal step in its regional growth efforts and reflects interest from Egyptian companies in Gulf market opportunities. He noted that the agreement demonstrates Zilla Capital's role in supporting its clients' expansion into new markets. Moustafa El-Shenety, Managing Partner and Head of Investment Banking at Zilla Capital, said the transaction is in line with the firm's approach to developing its presence in the Saudi market. He added that Zilla aims to connect Egyptian companies with opportunities in the Gulf by drawing on its network and experience in the region. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
11-06-2025
- Business
- Zawya
Istanbul Hub: A new launchpad for Moharram & Partners in the Middle East and Africa
Cairo – Moharram & Partners (M&P), the leading public policy and strategic communications firm in the Middle East and Africa, announced the opening of its new Hub in Istanbul through a strategic partnership with Ussal Consultancy. This opening is part of the group's regional expansion plans aimed at consolidating its position in the Turkish market, which serves as a gateway to Caucaus, Central Asia and East European markets. As part of this partnership, Mr. Ussal Şahbaz, Managing Partner of Ussal Consultancy, will lead the M&P Istanbul Hub, where he will lead efforts to strengthen the group's presence in this rapidly growing market. The launch of the Istanbul hub comes at a strategic time, as the Turkish economy is witnessing significant growth and expanding its reach across the Middle East and Africa. The hub has been established to support the expansion of Turkish companies into the region and to foster mutual investment between Turkey and the Middle East and Africa. This partnership combines the expertise of both firms and leverages Moharram & Partners (M&P)'s strong presence in the Middle Eastern and African markets. Commenting on this regional expansion, Mr. Mostafa Moharram, Chairman and Founder of Moharram & Partners (M&P), expressed his enthusiasm for this step, stating, 'The opening of the Istanbul hub marks a pivotal milestone in our regional growth strategy. This partnership with Ussal Consulting enables us to benefit from their deep market expertise and deliver the strategic communications services.' In turn, Mr. Ussal Şahbaz, Managing Partner for Moharram & Partners(M&P) in Turkey, expressed his delight at joining the group, saying, 'I am pleased to partner with Moharram & Partners, where the Istanbul hub will play a key role in public affairs initiatives will proactively contribute to regional stability and growth by fostering cross-border investments, strengthening regional value chains, and facilitating productive public-private dialogue.' Ambassador Sherif El-Bedewy, CEO of Moharram & Partners (M&P), added, 'Our new regional headquarters in Istanbul will bring together a specialized team of highly skilled experts with diverse backgrounds to provide innovative strategic consulting in public policy and strategic communications.' It is worth noting that Ussal Şahbaz has an outstanding professional track record in business management, government relations, and research. He currently serves as Managing Partner at a consultancy specializing in governmental affairs for technology companies in Turkey. His career includes leadership roles at General Electric and various think tanks, as well as previous positions at the Turkish Presidency and the Turkish Competition Authority. Ussal holds a master's degree in international development from Harvard University and writes weekly columns for 'Ekonomi,' Turkey's daily business newspaper. The launch of the Istanbul hub reflects Moharram & Partners' commitment to strengthening its regional network and reinforcing its position as one of the leading firms in public affairs and strategic communications, paving the way for the group's future plans for expansion. About Moharram & Partners (M&P) M&P (Moharram and Partners Group) is a leading public policy and strategic communication group established in 2015. It specializes in risk analysis, government relations, and strategic communications in the Middle East and Africa and works in more than 40 countries worldwide. Over the past nine years, M&P (Moharram and Partners group) has worked with major global, regional, and local economic entities in more than 18 sectors to convey their perspectives and positions on public policy issues and support them in establishing meaningful partnerships with governments, regulators, and media organizations. For more information, please visit the group's website:
Zawya
01-06-2025
- Business
- Zawya
Egypt-listed developer Madinet Masr initiates regional expansion with UAE subsidiary
Egypt-based real estate developer Madinet Masr announced it has begun the process of establishing a wholly owned subsidiary in Dubai, UAE for managing its real estate activities outside Egypt. 'Initiating the process to establish 'Cities of the World' marks a significant milestone in executing our strategic goal of regional expansion,' said Abdallah Sallam, President and CEO of Madinet Masr. He added that the step positions the company at the forefront of regional real estate development beyond its home market. Madinet Masr also announced its intention to appoint Mohamed Lashien, Senior Vice President of Product Development, as Managing Director of "Cities of the World" once the subsidiary is officially established. A growing number of Egyptian developers, listed and private alike, are expanding their footprint with new project launches across the Gulf and broader Middle East. Last week, EGX-listed TMG Holding signed an agreement with the Iraqi government for a $17 billion mixed-use project in Baghdad, following major project signings in Saudi Arabia and Oman. Egyptian private developer Tatweer Misr told Zawya Projects last month that it is currently studying new investment opportunities in Saudi Arabia and Oman, with a project annoucement likely this year. In April 2025, Naguib Sawiris-owned ORA Developers launched Bayn, a 4.8 million square metre coastal community in the UAE in Abu Dhabi. Last year, the company was awarded a contract to develop a new mega residential city 'Ali Al-Wardi' in southeast of Baghdad. In January 2025, Al Ahly Sabbour Developments announced the launch of Wadi Zaha, the first neighbourhood in its project in Sultan Haitham City, Oman, with a total investment of 90 million Omani rials. (Writing by Marwa Abo Almajd; Editing by Anoop Menon) (
