OC awarded $200m contracts in Algeria and Egypt

Cairo – Mubasher: Orascom Construction said it has awarded contracts worth $200 million for three industrial and infrastructure projects in Algeria and Egypt.

The first contract in Algeria is part of a greenfield cement plant with a daily capacity of 6,000 tons for a private sector client and the second comprises infrastructure work for an industrial complex. The combined value of both contracts is $180 million.

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

“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,” said Osama Bishai, CEO of Orascom Construction.

Mubasher Contribution Time: 06-Mar-2016 06:32 (GMT)