Egypt’s Orascom Ink Deal for KSA’s First Sewage Treatment Plant

Egypt's Orascom Construction has announced that its consortium with UAE-based Metito Group and Saudi-based leading private water desalination company MOWAH has signed a Sewage Treatment Agreement (STA) with the Wa ...

Orascom to Achieve Up to EGP 3.5 bn Revenues in 2018: Official

Osama Bishay, managing director of Orascom Construction Company, has expected the company's consolidated revenues to range between EGP 3 bn and 3.5 bn in 2018.

Orascom Construction’s Adjusted Net Income Rise 208.5% in Q3 2018

Egypt-based Orascom Construction maintained its positive position in the third quarter of 2018, posting a 208.5% surge in its adjusted net income of USD 69.1 mn versus USD 22.4 mn in the year-ago period, excluding ...

Demand for Egypt’s Infrastructure Development Unprecedented: Orascom Construction

CEO of Egypt's Orascom Construction Osama Bishai said that although Egypt's IMF-backed reforms had inevitably resulted in a number challenges for the construction sector, the current level of demand for infrastruc ...

Orascom Construction Adds USD 520 mn to its Backlog in Q3

Egypt's Orascom Construction revealed on November 5 that it added USD 520 mn of new awards to its backlog in Q3 2018, of which Egypt accounts for about 60% of the new awards, while the US represents the remainder

BESIX, Orascom Award EUR 11 mn Contract for Grand Egyptian Museum

Egypt’s Ministry of Culture and the joint venture (JV) of Brussels-based Besix and Orascom Construction has chosen the Spanish-based Acciona Producciones y Diseño (APD) for the technical museographic development o ...

Orascom Posts Strong Results in Q2 2018

Egypt’s Orascom Construction logged a 113.5% year-on-year (y-o-y) increase of USD 50.6 mn in its net income attributable to shareholders during Q2 2018, Invest-Gate reports.

Sisi Inaugurates EUR 6 bn Power Plants

President Abdel-Fattah El Sisi has inaugurated three EUR 6 bn gas-fired combined cycle power plants with a total capacity of 14,400 megawatts (MW), to boost Egypt’s electricity generation by 50%, in a ceremony on ...

Orascom Delivers Emaar’s El-Alamein Hotel in Marassi

Egypt's Orascom Construction Limited has finalized the revamp works of El-Alamein Hotel in Marassi resort and delivered it to Emaar Hospitality Group in less than eight months

Orascom Adds USD 415 mn to its Backlog in Egypt

Egypt’s Orascom Construction has revealed accumulating USD 650 mn of new awards to its backlog in Egypt and the US during the second quarter of 2018

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