Orascom Construction Industries wins US$168m government contracts

Orascom Construction Industries wins US$168m government contracts
Published: 22 June 2009

Egypt’s Orascom Construction Industries (OCI) won two government contracts worth US$168mn for road-building and sewage treatment projects, the company said in a statement. One of the contracts, worth US$128mn, is for the extension of a highway between Cairo and the coastal city of Alexandria . OCI said the 34 km stretch of road would include two bridges and it expects to complete the project in Q4 of 2011. The other contract is for the construction of a sewage treatment plant with a capacity of 100,000m3/day in a city on Cairo ’s outskirts.

That contract is worth EGP225m (US$40m), the firm said. An OCI joint venture won a tender in May for the construction and operation of a Cairo wastewater project with a daily capacity of 250,000m3. OCI is Egypt ’s largest builder by market value. It is engaged in the manufacture of building materials and in construction contracting, as well as in related investment activities worldwide.