Friday 29 March 2024
 
»
 
»
Story

Orascom wins $200m ME infrastructure contracts

CAIRO, March 6, 2016

Orascom Construction said it has won contracts worth $200 million for three industrial and infrastructure projects - including a greenfield cement plant - in Algeria and Egypt.

The first contract in Algeria is part of a greenfield cement plant with a daily capacity of 6,000 tonnes for a private sector client and the second comprises infrastructure work for an industrial complex.

The combined value of both contracts is $180 million, said a statement from the company.

In Egypt, National Steel Fabrication (NSF), one of Orascom Construction's building materials subsidiaries, received a $20-million order to manufacture and supply all structural steel for the West Nile Delta gas development project.

A key manufacturer and supplier of fabricated steel products in Egypt and North Africa, NSF boasts a total annual capacity of 120,000 tonnes.

Osama Bishai, the chief executive of Orascom Construction, said: "These new construction contracts build on our substantial track record in Algeria that stretches across a number of sectors including power, water desalination, petrochemicals and cement."

"We are also pleased to receive a large order to fabricate and supply the steel structure for an important gas development in Egypt, and look forward to further participating in this sector through our construction group and NSF," he added.

Established in 1995, NSF said it operates four facilities in Egypt and Algeria, two of which are the largest in the Middle East and North Africa.-TradeArabia News Service




Tags: Orascom | project contracts |

More Construction & Real Estate Stories

calendarCalendar of Events

Ads