Ownership:
  - United Development Company (45.9%)
  - Dredging, Environmental & Marine Engineering “DEME” (44.1%)
  - Qatar Holding (10%)
Incorporation date: 2004
Sector: Dredging and Land Reclamation

Middle East Dredging Company is a joint venture between United Development Company, Dredging, Environmental and Marine Engineering (DEME) of Belgium, and Qatar Holding.  Incorporated in 2004, MEDCO’s first task was the establishment of The Pearl-Qatar’s site where it completed dredging and land reclamation work for the Island in 2007.

Beyond The Pearl-Qatar, MEDCO was awarded several major projects in Qatar and the region. The Company led an international consortium as it completed dredging and reclamation work for the New Doha International Airport (NDIA) in 2008.In late 2010, MEDCO completed the first two phases for the Qatar-Bahrain Causeway Project and is qualified at present as one of the finalists for the New Doha Port Project Tender, expected to be issued in 2011 for “Access Channel and Outer Breakwater.”

While actively seeking and completing projects in Qatar, MEDCO also expanded its regional reach. In 2010, MEDCO completed a major project for Khalifa Port as well as construction of Ras Ghanada Channel Extension and dredging and reclamation works granted by the Department of Presidential Affairs in Abu Dhabi.  Other major projects in the UAE are currently underway.

Key Achievements in 2010 and expected growth for 2011

• Growth in market share in Abu Dhabi, Dubai and Ras Al Khaimah;
• Expansion of the organizational structure to accommodate growth;
• Investment of 100 million Euros to purchase “Al Jarraf”, a brand new Cutter Suction Dredger;
• Purchase of two brand new floating pontoons equipped with the latest technology required for accurate rock installation of breakwaters and embankments;
• The achievement of ISO 9001 Certificate;
• Qualification for ISO 14001, expected to be awarded in early 2011;
• Expansion of the MEDCO Abu Dhabi branch office to support bidding for future marine projects;
• Targeting new projects in Saudi Arabia, Bahrain, Oman and Kuwait.

 
For more information about Middle East Dredging Company(MEDCO), please visit www.medcodredging.com