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Orascom Construction is making new contracts worth $ 650mn

Monday 09 July 2018 01:54 PM

Orascom Construction Industries
Orascom Construction Industries

By Ragab Ezz el-Din

Orascom Construction Limited has announced the addition of new works to its projects worth $ 650 million.

The company added in a statement sent to the Egyptian Stock Exchange that works were added to the projects under implementation in Egypt and the United States of America during the second quarter this year.

The new contracts value in Egypt amounted to about 415 million dollars to include projects in transport, water and urban development sectors, such as the Alamein city.

The new contracts value in the United States amounted to 235 million dollars during the second quarter in commercial buildings, infrastructure and industry sectors.

The company said it was seeking new opportunities to implement high-quality projects both in practical and technical terms in its key markets, according to the statement.