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