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

June 22, 2009 02:00 ET

OCI Awarded USD 140m in Work on Cairo Metro

Cairo--(Marketwire - June 22, 2009) -



OCI Construction Group          Cairo, Egypt / 21 June 2009, 2:30 PM



OCI Awarded Contracts valued at USD 140 million in Work on Phase II
of Line III of the New Cairo Metro


Orascom Construction Industries (OCI) announced today that its
Construction Group has been awarded contracts valued at USD 140 million
for civil, electromechanical and railway work on Phase II of the New
Cairo Metro Line III from the Egyptian Ministry of Transportation.


Phase II of Line III of the New Cairo Metro includes separate
packages covering civil, electromechanical and railway works. A Vinci/
Arab Contractors/Bouygues /OCI joint venture will execute all civil
works related to the project including all tunnels and metro
stations. The total contract value is approximately USD 390 million.
OCI's share of the work, directly and indirectly, is valued at
approximately USD 103 million.
OCI will also be responsible for select electromechanical work on the
project in consortium with Colas Rail of France, Arab
Contractors, Alstom and the Thales Group. The total consortium contract
value is approximately USD 140 million. Finally, OCI will be
responsible for construction work related to the railway tracks in
joint venture with Eurovia Travaux Ferroviaires (ETF) for a
contract valued at approximately USD 24 million.


In January 2007, OCI was awarded a share of work on Phase I of Line II
of the New Cairo Metro.


Phase II of Line III is comprised of 7 km of railway track which
includes 4 km of underground tunneling connecting a total of five metro
stations. Metro users will be able to use the current Abassiya
station to reach Al Ahram in Heliopolis through Cairo Fair, Cairo
Stadium and the Women's College in Heliopolis. The entire project is
expected for completion during Q4 2013.


Orascom Construction Industries Chief Executive Officer, Nassef Sawiris
commented, "the OCI Construction Group continues its success in the
transportation sector with these latest contracts awarded for Phase II
of Line III of the New Cairo Metro. We are very proud to continue
working on this milestone project after having received awards during
early 2007. The Egyptian Ministry of Transportation has accelerated
completion of the metro line as part of a massive infrastructure
spending program. OCI will continue to target infrastructure work in
our key regional markets."






About OCI Construction Group


The Construction Group ranks among the top global contractors and
operates under three distinct brands. The three groups provide a range
of construction services in key regional 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
including large-scale educational campuses and healthcare facilities /
water including wastewater and desalination), transportation (including
roads, airports, ports and railway), industrial and high-end commercial
projects. To complement the construction business, OCI also owns and
operates National Steel Fabrication, the largest manufacturer of
fabricated steel products in the Middle East, and has investments in
manufacturers of glass curtain walling, paints and concrete pipes.


For additional information
contact:

OCI Investor Relations Department:  For additional information on OCI:

Omar Darwazah                       www.orascomci.com
Email: omar.darwazah@orascomci.com  OCI stock symbols: OCIC.CA / ORCI
                                    EY / OCICqL / ORSD


Erika Wakid                         Orascom Construction Industries
Email: erika.wakid@orascomci.com    (OCI)
                                    Nile City Towers - South Tower
                                    2005A Corniche El Nil
Hassan Badrawi                      Cairo, Egypt
Director


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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