The National Petroleum Construction Company, NPCC, part of the Senaat Abu Dhabi group, has signed a Memorandum of Understanding, MoU, with Petrojet of Egypt, to partner and cooperate for identification and execution of new projects in Egypt and wider region.

NPCC was founded in 1973 and has delivered Offshore and Onshore Oil and Gas EPC projects for National and International Oil Companies in the region. It has over 1,200 engineers in 4 engineering centres across Europe and Asia, a fleet of 22 offshore construction vessels and the largest yard of 1.3 million square meters in the MENA region.

The MoU was signed by Aqeel A. Madhi, MD and CEO of NPCC and Salah Ismail, Chairman and MD of Petrojet, in the presence of senior members of the management team, at ADIPEC in Abu Dhabi. The MoU will come into effect immediately and both parties plan to enhance cooperation to win and execute new projects.

Aqeel Madhi said, "This partnership, with an established organisation in Egypt, is a golden opportunity for NPCC to win and execute projects in Egypt and near-by markets. It will help us grow in new markets, Egypt in specific and other markets in general. This strategic partnership and cooperation will also support our strategy of growing in new markets."

Salah Ismail said, "I can assure you that both companies are going to work and look for opportunities to partner and execute projects together. Petrojet has been operating in Oil Sector since 1975, and is looking for opportunities in UAE and Gulf Markets. Strategic partnership with company like NPCC will help us with projects and this partnership will lead to new opportunities."