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

Orascom Signs EGP 5.7 bn Contract for Egyptian Wastewater Plant

Egypt’s Housing Ministry signs a contract with Orasqualia, a consortium led by Egypt's Orascom Construction Industries and Spain's Aqualia, to proceed with construction works of Abu Rawash Wastewater Treatment Pla ...

Orascom Logs 13.9% Net Profit Increase in Q1-18

Egypt's Orascom Construction recorded an increase of 13.9% year-on-year (YoY) in its net income attributable to shareholders to amount to nearly USD 32 mn in Q1-18 versus USD 28 mn in the same-prior year

Orascom Construction Q2 Consol Profit Falls

Cairo-based global engineering and construction contractor Orascom Construction reports consol profit attributable to shareholders dropping to USD 23.7 mn during the second quarter of 2017 from USD 26 mn in the same ...

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