Orascom Construction lands new $200m contracts in Algeria, Egypt

March 6, 2016 11:39 am

Orascom said it has been awarded new contracts in Algeria and Egypt, worth $200 million.

Orascom Construction said it has won $200 million of building contracts in Algeria and Egypt, Reuters reported on Sunday.

The contracts awarded in Algeria will allegedly require the firm to build a new cement plant with a daily capacity of 6,000 tons for a private sector client plus some infrastructure work for an industrial complex, all worth $180 million, Reuters stated, citing an email it received from the company.

Meanwhile in Egypt, the Orascom explained that its subsidiary, National Steel Fabrication, has won a contract worth $20 million to manufacture and supply all structural steel for a West Nile Delta gas project, according to Reuters.

Earlier this January, Orascom stated it had won a $420 million contract to revamp power plants owned by the Egyptian government

The company is also part of a consortium which has completed building the Assiut and West Damietta plants in 2015, and has partnered with an alliance of government-owned Arab contractors that have been awarded contracts to complete digging six tunnels for the Suez Canal, a project set to be completed in the coming two years.

($1 = AED3.67, at the time of publishing)

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AMEinfo Staff
By AMEinfo Staff
AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.



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