NMDC Group and Vingroup Partner for Sustainable Coastal Development in Vietnam
NMDC Group, a global leader in engineering, procurement, construction, and marine dredging, has partnered with Vingroup, one of Vietnam's largest private conglomerates, to advance sustainable coastal land reclamation and development projects in Vietnam. This strategic collaboration, formalized through a Memorandum of Understanding (MOU), aims to drive urban expansion, coastal protection, and industrial land reclamation while fostering sustainable economic growth in Vietnam's coastal regions.
The projects, set to create thousands of local jobs, focus on sustainable initiatives that include reclamation for luxury real estate, urban expansion, and offshore wind development. NMDC Group will leverage its marine engineering expertise to ensure long-term environmental resilience along Vietnam’s coastline.
Eng. Yasser Zaghloul, Group CEO of NMDC, stated, "Our partnership with Vingroup aligns with NMDC’s commitment to sustainable marine infrastructure, benefiting both local communities and investors.”
Nguyen Nhat Quang, CEO of Vingroup, added, "This partnership strengthens Vietnam’s coastal infrastructure, supporting resilience against climate change and advancing sustainable development in our nation."
This collaboration follows NMDC Group’s recent IPO of NMDC Energy on the Abu Dhabi Securities Exchange, marking a continued expansion of its sustainable infrastructure initiatives in the region.
