OCI Construction Group
Cairo, Egypt / 17 June 2009, 10:30 AM
OCI Awarded Contracts worth USD 168 million for Infrastructure Work in
Egypt
Orascom Construction Industries (OCI) announced today that its
Construction Group has been awarded contracts for infrastructure work
in Egypt valued at USD 168 million.
OCI has been awarded a contract valued at USD 128 million for
construction work on section 5 of the new Cairo-Alexandria highway by
the Egyptian Ministry of Transportation. The project includes all
necessary paving and road construction works. OCI will be responsible
for paving 34 km worth of roads between both cities. The road
work includes two double level u-turns and two overhead bridges with
four lanes each as well as two service roads with two lanes each. The
project is expected to be completed during Q4 2011.
OCI has also been awarded a project valued at USD 40 million for
construction of the South Waste Water Treatment Plant in 6th of October
City. The project was awarded by the Ministry of Housing, Utilities and
Urban Development. The wastewater treatment plant will have a capacity
of 100,000 m3 per day. OCI will be responsible for all construction
work related to the project as well as the Operation and Maintenance
(O&M) of the plant for a period of 12 months.
This is the second award for OCI in the field of waste water during the
quarter. OCI in joint venture with Spain-based Aqualia was recently
awarded Public Private Partnership (PPP) concession for
the construction and operation of the New Cairo Waste Water Treatment
Plant in a contract valued at USD 470 million. The project is also
expected for completion during Q4 2011.
Orascom Construction Industries Chief Executive Officer, Nassef Sawiris
commented, "OCI continues to benefit from a vibrant pipeline of
infrastructure opportunities in its key regional markets especially
Egypt. Opportunities have been prevalent in transportation,
energy, water and social infrastructure."
About OCI Construction Group
The Construction Group ranks among the top global contractors and
operates under three distinct brands. The three groups provide a range
of construction services in key regional markets in the Middle East and
North Africa in addition to Europe, Africa and Central Asia. The Group
primarily focuses on infrastructure (energy and related infrastructure
including oil & gas, power and petrochemicals / social infrastructure
including large-scale educational campuses and healthcare facilities /
water including wastewater and desalination), transportation (including
roads, airports, ports and railway), industrial and high-end commercial
projects. To complement the construction business, OCI also owns and
operates National Steel Fabrication, the largest manufacturer of
fabricated steel products in the Middle East, and has investments in
manufacturers of glass curtain walling, paints and concrete pipes.
For additional information
contact:
For additional information on OCI:
OCI Investor Relations Department:
www.orascomci.com
Omar Darwazah OCI stock symbols: OCIC.CA / ORCI
Email: omar.darwazah@orascomci.com EY / OCICqL / ORSD
Erika Wakid Orascom Construction Industries
Email: erika.wakid@orascomci.com (OCI)
Nile City Towers - South Tower
Hassan Badrawi 2005A Corniche El Nil
Director Cairo, Egypt
Tel: +202 2461 1036/0727/0917
Fax: +202 2461 9409
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The company news service from the London Stock Exchange
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