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

February 07, 2011 02:15 ET

Orascom Cons.Inds. Resumes Activities in Egypt

CAIRO, EGYPT--(Marketwire - February 7, 2011) -


Cairo, Egypt / 7 February, 2011 7:30 AM

Orascom Construction Industries (OCI) Resumes Activities in Egypt

OCI announces that the Construction Group has resumed work on 50
locations across Egypt representing almost 90% of total work sites
starting Sunday 6 February. Certain sites remain closed due to the
joint venture nature of the projects. Management is actively
communicating with partners and clients to resume work on these
remaining sites.

Our Fertilizer plants have continued to produce at normal operating
rates. Several export shipments have been completed this week including
52 thousand tons of urea, which has been sold out through mid-March, as
well as two ammonia vessels totaling 38.5 thousand tons which are
expected to be completed shortly.

Work at our head office has also resumed including all services.

OCI's international operations across both the construction and
fertilizer groups were unaffected by the events in Egypt and have
continued to operate normally.

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 88,000 people, including over 50,000
Egyptians and has generated US$ 3.6 billion in revenues and US$ 769
million in EBITDA during the first 9 months of 2010. OCI currently has
two core business activities. The OCI Construction Group is a leading
construction contractor active in emerging markets with a backlog of
US$ 6.0 billion as at 30 September 2010. It primarily focuses on
infrastructure projects in Europe, the Middle East and Africa in
addition to industrial and high-end commercial projects. 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.

OCI recently announced a joint venture with Morgan Stanley to invest in
infrastructure assets in the Middle East and Africa. The proposed joint
venture is positioned to capitalize on Morgan Stanley Infrastructure's
investing expertise and its global reach as well OCI's local and
regional awareness of infrastructure needs.

For additional information
contact:
OCI Investor Relations        For additional information on OCI:
Department:

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