National Marine Dredging Group (NMDC Group) has signed an agreement with Abu Dhabi Chamber of Commerce and Industry (ADCCI) for a joint initiative that is aimed at maximising procurement opportunities and act as a catalyst for the development and growth of currently qualified and willing to qualify Abu Dhabi-based businesses through their participation across NMDC Group’s wide portfolio of national and international projects.

 

The MoU comes in line with the Abu Dhabi Chamber’s strategy launched in February, which centres on empowering the private sector in the emirate and enhancing its competitiveness, to make the UAE capital the first choice in the Mena region for doing business by 2025. 

 

Through its role as a Networker, the chamber supports the ‘Let’s Grow Together’ initiative by facilitating connections between businesses, suppliers, and other relevant entities, paving the way for strategic partnerships that contribute to the emirate’s growth and prosperity.

 

As part of the deal, the duo will exchange information, data and experiences related to strategies, policies and plans to ensure clarity of the requirements for the Abu Dhabi supply chain, which will lead to increased opportunities and growth across the private sector of Abu Dhabi. 

 

The MoU has the following key mutual objectives:

•To communicate the requirements for qualification to participate in NMDC Group’s projects

•To identify development and growth opportunities in the private sector

•To enable the maximization of potential across the supply chain

 

The agreement was signed by Engineer Yasser Zaghloul, Group CEO of NMDC and Mohamed Helal Al Mheiri, Director General of the Abu Dhabi Chamber.  

 

On the key initiative, Chairman Abdulla Mohamed Al Mazrui said: "The Abu Dhabi Chamber is a major contributor to driving the emirate's economic growth and developing a diverse and knowledge-based economy, in line with its wise leadership’s vision."

 

As such, the chamber is committed to fostering strategic networking opportunities for its members, enabling them to explore new avenues for operational success and contribute to the country's economic growth. 

 

"Our ultimate goal is to establish Abu Dhabi as a leading global destination for business, and we will continue to work tirelessly to achieve this," he noted.

 

NMDC Group Chairman Mohammed Thani Murshid Ghannam Al Rumaithi said: "We have always sought high-impact initiatives that can benefit the business, the Abu Dhabi economy and very importantly our shareholders. Through this MoU, the group will be poised to enhance its supply chain ecosystem, support the broader diversification of Abu Dhabi’s private sector and ultimately maximize shareholder value."

 

Zaghloul said the MoU is the formalizing of NMDC Group and ADCCI’s shared vision to ensure the growth and development of Abu Dhabi’s private sector.

 

"Through this initiative we aim to highlight the growth opportunities that small and medium-sized businesses in Abu Dhabi can capture as part of our ongoing AED54 billion projects as well as capitalize on additional awards expected over the next five years and equip these SMEs with the toolkit needed to join NMDC Group on its ambitious growth journey. It also exemplifies our efforts to support sustainable development, drive economic growth in the UAE, and create a strong and self-sufficient supply chain ecosystem," he added.-TradeArabia News Service