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Orascom Construction

Construction

Orascom Construction Overview

Egypt’s Orascom Construction is a global leader in engineering, procurement, and construction, specialising in infrastructure, industrial, and high-end commercial projects across the Middle East, Africa and the US.

Orascom was established in 1976 by Egyptian businessman Onsi Sawiris and is recognised as the nation’s first multinational corporation.

With operations in over 25 countries, Cairo-based Orascom is dual-listed on the UAE (Nasdaq) and Egyptian stock exchanges.

Its diversified portfolio includes investments in concessions and a 50 percent ownership of Belgian contractor Besix Group. It also oversees a variety of equipment services, building supplies and site management.

Significant milestones include the sale of its cement group to Lafarge in 2007 and a $450 million project in Saudi Arabia in 2011.  

In Egypt Orascom is developing the Green Line, the first fully electrified mainline and freight rail network from the Red Sea to the Mediterranean, alongside Arab Contractors Joint Venture.

Other infrastructure projects include a regional metro system in Alexandria, Line 4 of the Greater Cairo Metro, Cairo’s monorail system and Egypt’s largest wind farm.

It also worked on the $1 billion Grand Egyptian Museum in Cairo.

Orascom Construction News

The wind farm will generate clean energy for more than 1 million homes, reducing carbon emissions by 1.5 million tonnes annually

Egypt’s largest wind farm begins operations ahead of schedule

Egypt-listed Orascom Construction has commenced commercial operations at the newly expanded Red Sea wind farm six months ahead of schedule. The largest operational wind farm in Africa is being developed by the Red Sea Wind Energy consortium under a 25-year build-own-operate scheme, the company said in a statement. The alliance comprises France’s Engie (35 percent), Orascom […]

The three contracts worth $235 million were signed between US-based Progress Rail and state-owned Egyptian National Railways

Egypt hires US company to modernise locomotives

Egyptian National Railways has awarded three contracts worth more than $235 million to US company Progress Rail to modernise its rail locomotive fleet. The contracts include the modernisation of 1,000 diesel-electric locomotives valued at $185 million and a 15-year agreement to supply parts for 141 locomotives worth $42 million, the US Embassy in Egypt said […]

Orascom and Técnicas Reunidas have already received the notice to proceed with the engineering, procurement and construction contract

Orascom wins $2.6bn contract for Saudi power plant

A consortium comprising Egypt-listed Orascom Construction and Spain’s Técnicas Reunidas has signed a contract to build a 3 gigawatt gas-fired power plant in Saudi Arabia’s Eastern Province. The consortium signed an engineering, procurement and construction contract worth around $2.6 billion for expanding the Qurayyah independent power project, Orascom said in a statement on Monday. In […]

Plant, Potted Plant, Architecture

Bonyan gets approval to list on Egyptian bourse

Bonyan, an Egyptian real estate investment company, has secured approval to list on the Egyptian Exchange (EGX) within the first half of 2025. The listing is subject to regulatory approval by the Egyptian Financial Regulatory Authority and the stock exchange. No details of the IPO were given. “The listing reinforces our ambition to make real […]

Egypt real estate investors. Luxury bungalows in the Red Sea lagoon in el Gouna. Developers are optimistic about foreign investors buying in waterfront communities at least for the next five to 10 years. Video length: 03:31

Egypt’s weaker currency attracting foreign real estate investors

Egypt’s economic recovery and currency devaluation has resulted in the “rediscovery of the real estate market by foreign investors”, according to the chief of the country’s largest waterfront developer, fuelling price rises in the secondary and tertiary segments. Population growth in the Arab world’s biggest country, and wealth creation in some socioeconomic segments, have also […]

The company will develop a 1GW solar power plant and 100MW battery storage project

Egypt’s first hybrid solar project to break ground next year

Norway’s renewable energy producer Scatec will begin work on Egypt’s first hybrid solar power and battery storage project in the first half of 2025. The company has signed a US dollar-denominated 25-year power purchase agreement with the state-run Egyptian Electricity Transmission Company for a 1GW solar power plant and 100MW battery storage project. Financial details […]

A train arrives at the Cairo subway. Line 1, which spans 44 km and connects 35 stations, transports more than 1.5 million passengers daily

Egypt awards $885m contract to upgrade Cairo metro

A consortium led by Orascom Construction, listed on Dubai, Egypt and Nasdaq stock exchanges, will commence the modernisation of the Cairo metro line 1 next month. The €800 million ($885 million) project will be completed in 64 months without disturbing commercial operations. The consortium has signed a contract with Egypt’s National Authority for Tunnels to […]

Cairo-based Orascom Construction reported a $7.7 billion order backlog, of which a record $1.9 billion are US orders

Orascom Construction’s US revenue softens Mena decline

Egypt’s Orascom Construction has reported a decline in its second-quarter revenues after a 25 percent drop in Mena revenue was softened by growth in its US business. Volatility in the value of the Egyptian currency also drove a decline in net profit for the Cairo-based company, from $92.8 million in the same period last year […]

Jordan is one of the most water-stressed countries in the world, with its population facing absolute water scarcity

Jordan selects preferred bidder for $3bn water project

A consortium led by French investment firm Meridiam has been selected as the preferred bidder for Jordan’s $3.3 billion Aqaba Amman water desalination and conveyance project. The Meridiam-led group includes Orascom Construction, Vinci Construction Grands Projets and Suez. Jordan is one of the most water-stressed countries in the world, with its population facing absolute water scarcity, according […]