CAIRO, EGYPT--(Marketwired - Jul 2, 2013) - Orascom Construction Inds, S.A.E. (
Amsterdam, the Netherlands / 2 July, 2013 8:00 AM OCI Construction Group Awarded USD 420 Million in Infrastructure Projects in Saudi Arabia OCI N.V. announced today that the OCI Construction Group, through its subsidiary Orascom Saudi Limited Company (OSL), has concluded negotiations for the award of infrastructure contracts worth a combined value of SAR 1.6 billion (USD 420 million). The projects will be executed at several locations in Saudi Arabia, where the Construction Group is currently executing approximately USD 790 million worth of work, excluding these new contracts. OCI Construction Group Chief Operating Officer, Osama Bishai, commented: "These contracts reflect the OCI Construction Group's on-going commitment to expand our Saudi Arabian operations. We are well positioned to continue to grow our Saudi Arabian backlog by capitalizing on our strong track record in executing large-scale infrastructure projects in Saudi Arabia." OCI expects to formally sign the contracts in the coming weeks. About OCI N.V.: OCI N.V. is a global nitrogen-based fertilizer producer and engineering& construction contractor based in the Netherlands. The Fertilizer Group owns and operates nitrogen fertilizer plants in the Netherlands, the United States, Egypt and Algeria and has an international distribution platform spanning from the Americas to Asia. The Fertilizer Group ranks among the world's top fertilizer producers with a fertilizer production capacity of nearly 7 million metric tons. The Construction Group provides international engineering and construction services primarily on infrastructure, industrial and high-end commercial projects in the United States, Europe, the Middle East, North Africa and Central Asia for public and private clients. The Construction Group ranks among the world's top global contractors. OCI N.V. employs more than 75,000 people in 35 countries around the globe and is listed on the NYSE Euronext in Amsterdam. For additional information contact: Investor Relations Department: For additional information on OCI N.V.: Omar Darwazah www.ocinv.nl Email: odarwazah@orascomci.co.uk Mijnweg 1, Erika Wakid 6167 AC Geleen, Email: ewakid@orascomci.co.uk The Netherlands OCI N.V. stock symbols: OCI / OCI.NA / OCI.AS / OCINY Hassan Badrawi Director Tel: +202 2461 1036/0727/0917 Fax: +202 2461 9409 This information is provided by RNS The company news service from the London Stock Exchange END
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