Growth Strategy
- Energy Demand Projections:
- Increasing population and economic growth, especially in rapidly urbanizing emerging economies, are the main drivers of global energy demand, which is expected to systematically increase over the coming two decades.
- Middle East Investment Projections:
- Energy investment in the Middle East is projected to reach approximately USD 173 billion in 2024, with clean energy comprising around 15% of this total.
- Organic and Inorganic Growth:
- NMDC Energy aims to grow throughout its existing markets, as well as through a dynamic acquisition strategy, creating synergies that drive growth and innovation.
- Geographic Expansion:
- Expansion into Africa, India, and South East Asia will open new avenues for business.
- Partnerships and Joint Ventures:
- NT Energies, a JV between NMDC Energy and Technip Energies, is poised to bolster the company's financial outlook, particularly in light of the abundant market opportunities in the GCC, estimated to exceed AED 50 billion over the next five years.