Dredging Corp inks MoU with Abu Dhabi's NMDC for strategic alliance

Dredging Corporation of India (DCI) signed a memorandum of understanding (MoU) for a strategic alliance with the Abu Dhabi-based National Maritime Dredging Companies (NMDC) as it would pave the way for the achievement of the Maritime Vision 2030 goals. HN Aswath, Development Advisor (Ports) at the Ministry of Ports, Shipping and Waterways, said that the strategic alliance between the DCI and NMDC would pave the way for the achievement of the Maritime Vision 2030 goals. On the occasion of the signing of a virtual Memorandum of Understanding (MoU) between the two organisations on Monday, Aswath said that the MoU would assist DCI and NMDC in better serving the needs of the ports. Prof Dr GY Victor, the MD and CEO of DCI, said that rising marine infrastructure development operations, particularly in the Indian subcontinent, African region, Middle East, and the Far East region, the Indian and Abu Dhabi. The memorandum of understanding was signed by DCI MD Victor and NMDC group CEO Yasser Nassr Zaghloul to transform the two companies into regional leaders. DCI owns and operates a large fleet of Trailing Suction Hopper Dredgers, while NMDC owns and operates a large Cutter Suction Dredger and has firsthand experience in port development and management. The alliance would focus on capital dredging projects, project development on a build-operate-transfer (BOT) basis, operating ports as managers, participating in public-private partnerships in dredging works following dredging policy, ministry of ports, shipping and waterways, port development, operations, and management, reclamation words, and development of multimodal transportation. The NMDC group CEO Yasser Nassr Zaghloul said that the agreement paves the way for them to improve their capabilities and expertise, as well as expand their operations throughout the region and Southeast Asia. On a project-by-project basis, both companies agreed to mutual participation and bid submission across the region. Image Source Also read: India Ports Global gets Captain Alok Mishra as Managing Director