UAE’s ADNOC awards $1.36bn contract for artificial islands

The Abu Dhabi skyline in the UAE. The bid awarded to NMDC ‘prioritized UAE sources for materials, as well as the use of mostly local suppliers, manufacturers and workforce.’ (Shutterstock)
Updated 07 February 2019
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UAE’s ADNOC awards $1.36bn contract for artificial islands

  • National Marine Dredging Company will undertake dredging, land reclamation and marine construction,
  • The project — which is expected to take 38 months to complete —  is expected to employ over 3,500 people at peak construction

LONDON: Abu Dhabi’s oil company said on Wednesday that it had awarded a 5 billion dirham ($1.36 billion) contract to local firm National Marine Dredging Company (NMDC) to build artificial islands as part of the first phase of a gas concession.
The work will include dredging, land reclamation and marine construction, the Abu Dhabi National Oil Company (ADNOC) said in a statement.
It will support the Ghasha Concession, which consists of the Hail, Ghasha, Dalma, Nasr and Mubarraz offshore sour gas fields.

 

The project — which is expected to take 38 months to complete —  is expected to employ over 3,500 people at peak construction.
Under the terms of the contract, NMDC will construct 10 new artificial islands and two causeways, as well as expand an existing island, Al Ghaf.
“This award accelerates the development of the Hail, Ghasha and Dalma sour gas offshore mega-project ... As one of the world’s largest sour gas projects it will make a significant contribution to the UAE’s objective to become gas self-sufficient and transition to a potential net gas exporter,” said Sultan Ahmed Al-Jaber, UAE minister of state and ADNOC group CEO.
“NMDC was selected after a rigorous and competitive tender process. The award of this project to a UAE company will generate substantial in-country value, supporting local economic growth. In addition, it demonstrates the rapid progress ADNOC is making to leverage and create value from Abu Dhabi’s substantial, untapped, hydrocarbon resources.”
The bid by NMDC “prioritized UAE sources for materials, as well as the use of mostly local suppliers, manufacturers and workforce,” the ADNOC statement said. A total local spend of over 3.62 billion dirhams ($986 million) is expected, the statement said.

FASTFACTS

$986m – Spending within the UAE expected under the contract award.


Samsung delays Galaxy Fold media events in China

Updated 22 April 2019
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Samsung delays Galaxy Fold media events in China

  • Instead of plaudits ahead of the phone’s launch on April 26 in the US, Samsung has instead received brickbats
  • The hashtag #foldgate trended on Twitter because of the smartphone issues

SEOUL: Smartphone maker Samsung postponed media events for its Galaxy Fold planned for this week in Hong Kong and Shanghai, a company official said, days after reviewers of the foldable handset reported defective samples.
The official did not elaborate on reasons or rescheduling.
Instead of plaudits ahead of the phone’s launch on April 26 in the United States, the South Korean conglomerate has been blighted by technology journalists reporting breaks, bulges and blinking screens after using their samples for as little as a day.
Samsung said it received “a few” reports of damage to the displays of samples of the $1,980 handset, raising the specter of the combustible Galaxy Note 7 three years ago which the firm ultimately pulled from shelves at massive cost.
The reviewers’ reports of broken screens went viral online and prompted the creation of hashtag #foldgate on Twitter.
Samsung has hailed the folding design as the future in a field that has seen few surprises since Apple’s iPhone in 2007. Chinese rival Huawei Technologies has also announced a folding handset, the Mate X.
The Samsung official on Monday said it had no change to its previously announced release date in the United States.
It plans to begin South Korean and European sales in May, and Chinese sales from an undisclosed date.