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FINANCIAL NEWS
UAE Orascom sings USD 200mn deals for industrial projects
06 Mar 2016
(MENAFN) Orascom Construction signed deals for three industrial projects in Egypt and Algeria value a combined USD 200mn.
Furthermore, the two other contracts, value USD 180mn are both in Algeria, while one is for the construction of a greenfield cement plant.
Additionally, the other one covers infrastructure work for a new industrial project, and these new contracts build on its substantial track record in Algeria.
The West Nile Delta project is a USD 12bn scheme which will see 5tr cubic feet of gas and 55mn barrels of condensate extracted.
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