SOURCE: Orascom Construction Industries

November 21, 2007 05:49 ET

Orascom Construction Industries announces OCI/Alstom Power Plant Bid

Cairo--(Marketwire - November 21, 2007) -

                                   NEWS RELEASE

            Alstom/OCI Consortium Low Bidder on Algerian Power Plant
Alstom/OCI consortium is announced as lowest bidder on US$ 1.98 billion power plant project in Algeria

Cairo, Egypt - 21 November 2007: Orascom Construction Industries ("OCI") today confirmed, in connection with a public statement by the Algerian state-owned electricity company "Sonelgaz", that an Alstom/OCI consortium was announced as the lowest bidder for a contract to construct a new combined-cycle power plant in the Ain Temouchent region, 400 km west of Algiers. The announcement was made following a public opening of the submitted bids at 8:00 pm Cairo time. The contract is worth the equivalent of US$ 1.98 billion.

Contract signature is yet to be finalized. More information will be provided at the appropriate time.

OCI stock symbols: OCIC.CA / ORCI EY / OCICqL / ORSD LI

About Orascom Construction Industries

OCI is a leading cement producer and construction contractor active in emerging markets. Based in Cairo, we employ more than 40,000 people in over 20 countries. Working together with our employees, business partners and customers, we are helping to build the future in developing countries around the world.

As a cement producer, we own and operate cement plants in Egypt, Algeria, Turkey, Pakistan, northern Iraq, and Spain which have a combined annual production capacity approaching 34 million tonnes. Our new investments in northern Iraq, Turkey, Nigeria, Algeria, the United Arab Emirates, Saudi Arabia, Syria, the Democratic People's Republic of Korea and South Africa will increase our annual production capacity to 44 million tonnes. Our Cement Group exports from Egypt and Algeria to customers in more than 30 countries including the USA, Europe, Africa and the Middle East. We produce and distribute aggregates and ready-mix concrete in Spain, Egypt and Algeria. We also manufacture cement bags in Egypt and Algeria.

As a contractor, we provide engineering procurement and construction services on large, complex and demanding industrial, commercial, water/sewage, transportation, telecommunications, maritime, tourism and railway projects for private and public customers principally in the Middle East, Africa and Central Asia. Our Construction Group is active in over 100 projects in more than 20 countries. Through partnerships with industry leaders, we also manufacture fabricated steel products as well as architectural curtain walling and window systems. We also have investments in natural gas industries, such as fertilizer producers, and in infrastructure concessions.

For additional information on OCI:


For additional information CONTACT:

OCI Investor Relations Department:

Hassan H. Badrawi

Omar Darwazah

Ahmed Sultan

Tel:  +202 2461 1039/1036/0727/0914
Fax: +202 2461 9409

Orascom Construction Industries (OCI)
Nile City Towers - South Tower
2005A Corniche El Nil, Cairo, Egypt
Tel: +202 2461 1111, Fax: +202 2461 9400,

                      This information is provided by RNS
            The company news service from the London Stock Exchange