SOURCE: Orascom Construction Inds, S.A.E.

January 26, 2010 03:59 ET

Morgan Stanley & OCI Announce Infrastructure JV

CAIRO, EGYPT--(Marketwire - January 26, 2010) -


Morgan Stanley                        Orascom Construction Industries
Carissa Ramirez / Hugh Fraser         Hassan Badrawi / Omar Darwazah
+1(212) 762 6834 / +44 20 7425 3923   +2 (02) 2461 1036 / 0727 / 0917

Morgan Stanley and Orascom Construction Industries Announce Joint
Venture to Invest in Infrastructure Assets in Middle East and Africa

NEW YORK, LONDON and CAIRO, January 26, 2010 - Morgan Stanley (MS), a
leading global financial services firm, and Orascom Construction
Industries (OCI), a preeminent regional and international
construction company, today announce their agreement in
principle to form a 50/50 joint venture to develop and invest in
infrastructure-related assets across the Middle East
and Africa regions.

Nassef Sawiris, Chief Executive Officer and Chairman of Orascom
Construction Industries, said, "Morgan Stanley is a proven leader in
global infrastructure investing. This proposed joint
venture is positioned to capitalize on Morgan Stanley
Infrastructure's investing expertise and its global reach as well as
our local and regional awareness of infrastructure needs. Bringing
together both entities will result in significant investing and
execution capabilities, which we believe are unparalleled in the

Sadek Wahba, Global head of Morgan Stanley Infrastructure, added, "The
coming decade will require higher investment rates in infrastructure to
sustain economic growth in the Middle East and Africa.
Our proposed joint venture brings regional knowledge, operational
expertise and global reach to capitalize on the region's economic
expansion.  We are looking forward to partnering with Orascom
Construction Industries, a leading infrastructure
developer in the Middle East with significant operational experience in
construction and management of infrastructure assets."

About Morgan Stanley

Morgan Stanley (NYSE: MS) is a leading global financial services firm
providing a wide range of investment banking, securities, investment
management and wealth management services. The Firm's employees serve
clients worldwide including corporations, governments, institutions and
individuals from more than 1200 offices in 37 countries. For further
information about Morgan Stanley, please visit

About Morgan Stanley Infrastructure

Morgan Stanley Infrastructure, with USD4 billion in equity under
management, is a leading infrastructure investment platform that
focuses on long-term investments in infrastructure assets associated
with providing essential public goods and services to societies across
the globe. For further information about Morgan Stanley Infrastructure,
please visit

About Orascom Construction Industries

Orascom Construction Industries is a leading international
construction firm based in Cairo. The Construction Group ranks among
the top global contractors, providing a range of services in key
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), transportation (including
roads, airports, ports and railway), industrial and high-end commercial
projects. As of September 2009, the Construction Group's backlog stands
at USD7.2 billion, 60% of which is comprised of infrastructure projects.

For further information about Orascom Construction Industries, please

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          The company news service from the London Stock Exchange


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