Egypt-based Orascom Construction has unveiled that new awards grew 40% YoY to around USD 935 mn (EGP 15.52 bn)  in the second quarter of 2019, Invest-Gate reports.

These additions bring total new awards in the first half of 2019 to USD 1.4 bn (EGP 23.23 bn), marking a 42% rise compared to the prior-year period, according to a press statement on July 8.

Egypt’s projects accounted for approximately 50% of total new awards in Q2 2019, reflecting the group’s leading position in the country’s infrastructure development.

Orascom’s new projects include the largest water treatment plant in Egypt, amongst several other significant additions to the country’s road development program.

“The US business…recorded the highest level of quarterly order intake since Q3 2016. The group added new work across its existing core commercial and light industrial sectors, while gaining additional scope in the growing data center sector,” read the statement.

The company’s estimated consolidated backlog stood at USD 4.6 bn (EGP 76.28 bn) as of June 30, compared to USD 4.2 bn ( EGP 69.65 bn) during the same period of 2018.