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

August 17, 2011 04:36 ET

OCI Awarded US$ 181 Million in Egypt

CAIRO, EGYPT--(Marketwire - Aug 17, 2011) -




                               Cairo, Egypt / 17 August, 2011 10:15 AM


OCI Awarded US$ 181 Million Civil Works Package for the 1,500 MW Giza
North Combined Cycle Power Plant in Egypt

Orascom Construction Industries (OCI) announced today that it has been
awarded the civil works package worth US$ 181 million for the 1,500 MW
combined cycle power plant in Giza, Egypt. The project was awarded by
the Cairo Electricity Production Company and is expected to be complete
in approximately 32 months.

OCI is currently constructing several power plants in Egypt and Algeria
with a total power generation capacity of 5,250 MW.

OCI Construction Group Chief Operating Officer, Osama Bishai,
commented, "the Construction Group continues to target key power
projects in its Middle East and North Africa markets as these markets
continue to face severe power supply deficits. The Group has been able
to secure sizeable contracts and we believe the power sector in the
region will continue to provide great opportunities for OCI."


About Orascom Construction Industries

OCI is one of Egypt's largest corporations with projects and
investments across Europe, the Middle East and North Africa. The
company directly employs more than 84,000 people and generated US$ 4.9
billion in revenues and US$ 1.1 billion in EBITDA in 2010. OCI
currently has two core business activities. The OCI Fertilizer Group is
a strategic owner and operator of nitrogen fertilizer plants in Egypt,
the Netherlands and Algeria with an international distribution platform
spanning Latin America, the United States, Europe and Africa. These
operations will exceed 7.0 million metric tons of capacity in 2012,
positioning OCI as a top three nitrogen-based fertilizer producer. The
OCI Construction Group is a leading construction contractor active in
emerging markets with a backlog of US$ 5.6 billion as at 31 December
2010. It primarily focuses on infrastructure projects in Europe, the
Middle East and Africa in addition to industrial and high-end
commercial projects.


For additional information contact: For additional information on OCI:

OCI Investor Relations Department:   www.orascomci.com 

Omar Darwazah                       OCI stock symbols: OCIC.CA /
Email:  omar.darwazah@orascomci.com   OCIC EY / OCICqL / ORSD / ORSCY
Erika Wakid
Email:  erika.wakid@orascomci.com     Orascom Construction Industries(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
                    This information is provided by RNS
          The company news service from the London Stock Exchange

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