$670mn added to its backlog in Q3 2022 says Orascom Construction ...United Arab Emirates

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$670mn added to its backlog in Q3 2022 says Orascom Construction
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 27
$670mn worth of new contract awards were added to Orascom Construction’s backlog in Q3 2022, the firm has reported. The Cairo-based firm said that the new contracts brings its total awards in the nine months of 2022 to $3.1bn. According to the construction major, projects in the Middle East comprised 70% of new awards during Q3 2022, mainly across the infrastructure, logistics and commercial sectors. The firm previously entered into a JV with Arab Contractors to build the country’s first monorail. New awards signed by the firm’s US subsidiaries accounted for 30% of total during the quarter; the firm noted that projects in the data centre sector accounted for a significant portion of new awar

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