The UAE's National Drilling Company has signed contracts worth $543 million to acquire 14 new rigs, state news agency WAM said on Sunday.
One offshore and one onshore rig will be manufactured in the United Arab Emirates (UAE) as part of the deals, WAM said.
The new contracts are a reflection of the firm's plans for growth and a result of growing demand from its customers, it said.
(Reporting by Maha El Dahan; editing by Jason Neely)
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