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FINANCIAL NEWS
Orascom signs USD 20mn deal for West Delta gas project
07 Mar 2016
(MENAFN) National Steel Fabrication, a minor of Orascom Construction (OC) was given a USD 20mn contract to build and supply structural steel for the West Nile gas project.
Accordingly, the firm will receive a huge order to fabricate and provide the steel structure for gas development in Egypt and look to more participation in the sector.
The firm signed deals in Jan to hide two power plants, in Assiut and West Damietta, while the capacity of the Assuit is 1,000 MW and Damietta is 500 MW.
In addition, the Co. and the German engineering firm Siemens are also building two joined cycle power plants, each with a 4,800 MW capacity factor.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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