Orascom Construction Wins $146 Million Contract in Abu Dhabi

Orascom Construction Industries, Egypt’s biggest publicly-traded builder, won a contract valued at $146 million from a venture between Tecnimont SpA and Samsung Engineering Co. to develop a petrochemicals plant in Abu Dhabi.

The construction works are for the Borouge 3 plant in the United Arab Emirates, Orascom Construction said in an e-mailed statement today. Borouge, also known as Abu Dhabi Polymers Co., is a venture between Abu Dhabi National Oil Co. and Borealis AG of Austria.

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.