OCI Construction Group Cairo, Egypt / 2 December 2009, 5:00 PM
OCI-Hassan Allam Sons Joint Venture Awarded USD393 million Pipeline
Work for the 6th October City Water Treatment Plant
Orascom Construction Industries (OCI) confirmed today that its 50/50
joint venture with Hassan Allam Sons was awarded the Intake, Booster
Station and Pipelines contract for the 6th October City Water Treatment
Plant. The overall contract value is EGP 2.15 billion (USD393 million)
with OCI's share valued at EGP 1.08 billion (USD196 million) .
The project was tendered by the Construction Authority for Potable
Water and Wastewater (CAPW) and will be financed by the Government of
Egypt. The project will feed the 1.60 million m3/day 6th October City
Water Treatment Plant with raw water using an intake and booster
station with 12 pumps of 1.5 MW capacity each. The piping spans 118.5
km of steel between El Badrashain and Dahshour. The project also
includes underground water tanks and ancillary buildings.
The project is expected to commence construction during Q4 2009 and
will take approximately 36 months to complete.
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:
OCI Investor Relations Department: For additional information on OCI:
www.orascomci.com
Omar Darwazah OCI stock symbols: OCIC.CA / ORCI
Email: omar.darwazah@orascomci.com EY / OCICqL / ORSD
Erika Wakid Orascom Construction Industries(OCI)
Email: erika.wakid@orascomci.com 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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