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)


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.