NEWS RELEASE OCI Receives Letter of Intent for US$ 41 million Cairo, Egypt - 11 December 2007: Orascom Construction Industries ("OCI") announced today that it has received a letter of intent from Sorouh Real Estate, Abu Dhabi's leading real estate company, for the award of a contract valued at US$ 41 million for the execution of infrastructure and landscaping works on the new Saraya Development real estate project in Abu Dhabi. The contract is part of an initial phase of awards on this new US$ 1 billion mixed use real estate development project encompassing the construction of 30 towers with views of the Gulf. (For additional information visit www.sorouh.com) -------------------------------------------------------------------------- For additional information CONTACT: OCI Investor Relations Department: Hassan H. Badrawi Email: hassan.badrawi@orascomci.com Omar Darwazah Email: omar.darwazah@orascomci.com Ahmed Sultan Email: ahmed.sultan@orascomci.com Tel: +202 2461 1039/1036/0727/0914 Fax: +202 2461 9409 Brunswick Group LLP +44 20 7404 5959 For additional information on OCI: www.orascomci.com Orascom Construction Industries (OCI) Nile City Towers - South Tower 2005A Corniche El Nil, Cairo, Egypt OCI stock symbols: OCIC.CA / ORCI EY / OCICqL / ORSD This information is provided by RNS The company news service from the London Stock Exchange
Orascom Construction Industries announces OCI Sorouh Real Estate LOI
| Source: Orascom Construction Industries
Cairo--(Marketwire - December 11, 2007) -