Thursday 28 May 2015
 
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Orascom

Orascom, Bombardier to build $1.5bn monorail in Egypt

Canada's Bombardier and Egypt's Orascom Construction and Arab Contractors will build a $1.5-billion monorail near Cairo, Egypt's housing minister said. The 52-km project is set to be completed by mid-2018 with funding

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Orascom, IPIC to build 3,000MW coal-fired plant in Egypt

A consortium of Orascom Construction and Abu Dhabi-based International Petroleum Investment Company (IPIC) has been awarded a contract to build a coal-fired power plant in Egypt. A development agreement was signed by the duo as an

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Orascom, IPIC to build 3,000MW coal-fired plant in Egypt

A consortium of Orascom Construction and Abu Dhabi-based International Petroleum Investment Company (IPIC) has been awarded a contract to build a coal-fired power plant in Egypt. A development agreement was signed by the duo as an

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Sawiris to diversify Orascom, invest $500m in Egypt

Top Egyptian businessman Naguib Sawiris said he was ready to invest $500 million in Egypt and was diversifying his telecoms business into infrastructure, energy and transportation, sectors which need major funds in the country. Sa

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Vinci Bouygues seals Egypt metro line contract

French company Vinci Bouygues Travaux Public has been awarded a contract to complete the construction of the fourth phase of the third metro line in Cairo, said a report. Egypt's National Authority for Tunnels also signed a co

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Orascom Construction to raise up to $241m

Engineering and building giant Orascom Construction plans to raise as much as $241 million in a sale of new shares in Egypt over the next few weeks, the company said on Thursday. The company, which plans to offer up to 15.8 millio

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Orascom Construction to raise up to $241m

Engineering and building giant Orascom Construction plans to raise as much as $241 million in a sale of new shares in Egypt over the next few weeks, the company said on Thursday. The company, which plans to offer up to 15.8 millio

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Orascom to spin off engineering, building business

Orascom Construction Industries (OCI) plans to spin off its engineering and building business from its fertilisers and chemicals' unit next month, the Amsterdam-listed firm said. The demerger will take place on March 7, the co

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GTH to sell majority stake in Algeria telco for $2.6bn

Egypt's Global Telecom (GTH), formerly known as Orascom Telecom, will sell a 51 per cent stake in Djezzy for $2.6 billion while keeping operational control of the Algerian mobile operator, Global said in a statement on Sunday.

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Egypt hires German firm to bore Suez Canal tunnels

Egypt will use machines made by a German firm to bore at least four tunnels under the Suez Canal, part of an $8 billion project to expand the waterway that the government hopes will raise revenues and foreign currency reserves. Un

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