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

July 06, 2011 04:44 ET

OCI Awarded US$ 450 Million in Saudi Arabia

CAIRO, EGYPT--(Marketwire - Jul 6, 2011) -

Cairo, Egypt / 6 July, 2011 10:15 AM

OCI Awarded US$ 450 Million Worth of Infrastructure Work in Saudi

Orascom Construction Industries (OCI) announced today that its Saudi
Arabian incorporated subsidiary, Orascom Saudi Limited Company (OSL),
was awarded infrastructure work valued at US$ 450 million.

OSL's scope of work comprises major civil, mechanical and electrical
works including 1.4 million cubic meters of excavation, 2.1 million
square meters of roads, walkways, the supply and installation of 146
kilometers of piping for the storm water, waste and potable water
systems. Electrical works for the roads include the supply and
installation of main substations including 238 kilometers of copper
cables and trays. Construction will take 24 months to complete.

Orascom Construction Industries Chief Operating Officer, Osama Bishai
commented, "this contract marks a major step forward in establishing
OCI in Saudi Arabia and positions us for further opportunities in the
future. We are confident that 2011 will see significant growth in our
Saudi Arabian business."

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: 

Omar Darwazah                       OCI stock symbols: OCIC.CA /

Erika Wakid
Email:     Orascom Construction Industries(OCI)
                                    Nile City Towers - South Tower
                                    2005A Corniche El Nil
Hassan Badrawi                      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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