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

October 10, 2012 09:49 ET

OCI Awarded US$ 87 M Airfield Contract in Egypt

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:
contact:
OCI Investor Relations
Department:                     www.orascomci.com 

Omar Darwazah                  OCI stock symbols: OCIC.CA / OCIC EY /
Email:                         OCICqL / ORSD / ORSCY
 omar.darwazah@orascomci.com 
Erika Wakid                    Orascom Construction Industries (OCI)
Email:                         Nile City Towers - South Tower
 erika.wakid@orascomci.com       2005A Corniche El Nil
                               Cairo, Egypt

Hassan Badrawi
Director

Tel: +202 2461 1036/0727/0917
Fax: +202 2461 9409


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