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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.

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