Orascom, BESIX to Develop Waste-to-Energy Plant in West Cairo

The New Urban Communities Authority (NUCA) has signed a memorandum of understanding (MoU) with Orascom Construction and Belgium-based BESIX Group to establish a waste-to-energy plant in west Cairo

K&A Named Advisor for Egypt’s USD 4.5 bn Monorail Project

Multidisciplinary design consultancy Khatib & Alami (K&A) has been named the lead government transaction advisor on the construction, financing, and operations of the planned USD 4.5 bn monorail project, linking e ...

Egypt, Bombardier Agree on EUR 3 bn Monorail Project

Egypt partnered on August 4 with Canada’s Bombardier Transportation for planned EUR 3 bn monorail project, linking 6th of October City to the New Administrative Capital (NAC)

Orascom Construction Adds USD 935 mn to Backlog in Q2

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.

Ras Ghareb’s 250 MW Windfarm Supplies Power to Grid: Orascom

Orascom Construction announced that the 250-megawatt wind farm at Ras Ghareb, the second-largest city in Red Sea Governorate, has successfully managed to deliver power to the grid.

New Shorter Cairo-Sharm El Sheikh Route to Open Before July

Egyptian Armed Forces Engineering Authority is on the verge to finalize Oyoun Mousa-Sharm El Sheikh Road - a new 340-kilometer tunnel road that will shorten the trip from Cairo to Sharm El Sheikh to four hours - i ...

Bombardier-Led Consortium Ideal Bidder for EUR 3 bn Monorail Project

A consortium of Orascom Construction, Arab Contractors, and Bombardier Transportation was selected as the preferred bidder to carry out a EUR 3 bn (USD 3.36 bn) monorail project, linking 6th of October City to the ...

Orascom Construction JV to Build Water Treatment Plant for USD 739 mn

Orascom Construction has announced that its 50:50 joint venture (JV) with Arab Contractors has signed an engineering, procurement, and construction (EPC) contract worth USD 739 mn to build a water treatment plant ...

Orascom Construction Seals USD 475 mn Deals in Q1 2019

Egypt-based Orascom Construction has announced adding new contracts worth USD 475 mn to its backlog during the first quarter of 2019, driving the company’s consolidated backlog to hit nearly USD 4.2 bn as of March ...

Orascom Construction Net Profit Soars 84% in FY 2018

Egypt's Orascom Construction logged a sharp rise of 84% in net profits for FY 2018 to record USD 144.7 mn, compared to USD 78.5 mn a year earlier

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