SOURCE: Orascom Construction Inds, S.A.E.
CAIRO, EGYPT--(Marketwire - Oct 10, 2012) -
Cairo, Egypt / 10 October, 2012 1:30 PM
Orascom Construction Industries Awarded US$ 87 Million Airfield
Construction Contract at Hurghada International Airport
Orascom Construction Industries (OCI) announced today that it has been
awarded a EGP 532 million (US$ 87 million) contract to construct a new
airfield at the Hurghada International Airport.
Awarded by the Egyptian Airports Company (EAC), the project's scope
includes the construction of a complete airfield composed of a four
kilometer long runway, a four kilometer long taxiway, connecting
taxiways, and all airfield lighting, power supply, and storm water
drainage systems. The project is scheduled for completion in 26 months.
OCI has completed more than US$ 440 million worth of airport-related
infrastructure over the last decade, including US$ 200 million worth of
military airports furnished by an OCI/Contrack joint venture in Egypt.
OCI is currently constructing US$ 270 million worth of infrastructure
work at the King Abdulaziz International Airport near Jeddah, Saudi
Arabia. The BESIX Group is also constructing Phase III of the New Doha
International Airport (NDIA) Passenger Terminal Complex in Qatar for
US$ 750 million.
About Orascom Construction Industries
OCI is one of Egypt's largest corporations employing more than 72,000
people in 35 countries around the globe. The OCI Fertilizer Group owns
and operates nitrogen fertilizer plants in Egypt, the Netherlands, the
United States, and Algeria and has an international distribution
platform spanning from the Americas to Asia. The OCI Fertilizer Group
ranks among the world's top fertilizer producers with a production
capacity which will exceed 7.0 million metric tons in 2012. The OCI
Construction Group provides international engineering and construction
services primarily on infrastructure, industrial and high-end
commercial projects in Europe, the Middle East and North Africa for
public and private clients. The OCI Construction Group ranks among the
world's top global contractors.
For additional information For additional information on OCI:
OCI Investor Relations
Omar Darwazah OCI stock symbols: OCIC.CA / OCIC EY /
Email: OCICqL / ORSD / ORSCY
Erika Wakid Orascom Construction Industries (OCI)
Email: Nile City Towers - South Tower
email@example.com 2005A Corniche El Nil
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