September 24, 2017 1:53 PM ET

Construction and Engineering

Company Overview of Orascom Construction Industries Company

Company Overview

Orascom Construction Industries Company engages in construction and fertilizer businesses in Europe, the Americas, Asia, the Middle East, and North Africa. It undertakes engineering, procurement, and construction contracts for commercial, industrial, institutional, and infrastructure projects. The company also manufactures construction materials, including architectural products comprising glass, aluminum, and paint products; precast concrete pipes and prestressed concrete cylinder pipes for water transmission pipelines and wastewater force mains applications; cement based ready mixed mortars in powdered form for use in the construction industry; gypsum, plaster, and plaster products; decora...

Nile City Towers

Corniche El Nil

Cairo,  11221

Egypt

Founded in 1950

72,418 Employees

Phone:

20 22 4611111

Key Executives for Orascom Construction Industries Company

Chief Executive Officer and Executive Director
Chairman and Chief Executive Officer of Construction Group
Age: 55
Group Chief Financial Officer and Executive Director
Age: 58
Chief Executive Officer of BESIX Group
Chief Executive Officer at OCI Nitrogen
Compensation as of Fiscal Year 2017.

Orascom Construction Industries Company Key Developments

Orascom Construction and FCC Aqualia Joint Venture Wins $320 Million Contract

An equal stake joint venture (JV) between Orascom Construction and FCC Aqualia has bagged an EPC contract worth $320 million to build Abu Rawash Wastewater Treatment Plant in Egypt. Featuring primary and secondary treatment units, the new wastewater treatment plant will be constructed in phases over a period of 37 months. Upon completion, the facility will be capable of treating 1.6 million cubic metres of waste water per day, serving six million people. Besides carrying out the engineering, procurement and construction work for the project, the JV will be responsible for operation and maintain the facility for a period of three years.

Orascom Construction Wins $100 Million Contract to Build 650MW Steam Turbine Power Plant in Egypt

Orascom Construction won $100 million contract to construct a steam turbine power plant in Egypt. The steam-turbine facility, which will be located in Walideya, will have a capacity of 650MW. The scope of Orascom's contract includes the full civil works for the project. The project's proximity to Orascom's existing power project in Assiut will facilitate efficient mobilization to site. Orascom is currently building power plants with a total capacity of 11,000MW, including the two gas-fired combined cycle power plants in the world. Orascom continues to demonstrate its ability to set new global benchmarks in the fast-track execution of power projects, positioning the Group well for new opportunities in Egypt and the region.

Orascom Construction Receives USD 308 Million Deals

Orascom Construction has received two deals value USD 308 million for work on the third phase of Cairo's third metro line. Moreover, the deals will bring the whole value of the firm's share of the third phase of the metro line to USD 419 million. In addition, the third phase of the metro will stretch across 18 km of tunneling and bridge works which will involve 15 elevated, grade and underground stations.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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