08 Jul 2011
(MENAFN) Orascom Construction’s (OCI) COO, Osama Bishai, said that the company’s Saudi subsidiary signed a USD450 million infrastructure contract in Saudi Arabia, reported Arab News.
Bishai added that the operations, which would span over the period of two years, would include civil, mechanical and electrical works including 2.1 million square meters of roads, walkways, in addition to the supply and the set up of 146 km of piping for the storm water, waste and potable water systems.
He also said that the company which had operations in Egypt, Abu Dhabi, Saudi Arabia, Qatar and Morocco made 43 percent of its first quarter’s revenue from projects in the Middle East and North Africa, nevertheless, the political unrest in Egypt forced the company to postpone the launch and the construction of a number of projects in the country.
It is worth noting that Egypt’s OCI’s first quarter net profit rose 77 percent, and in 2011, the company would start several regional infrastructure projects.
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more