Orascom Construction adds $920m of new contract awards in Q4 2020 ...United Arab Emirates

Orascom Construction, the Egyptian engineering and building contractor, has announced that it has added approximately $920 million of new awards to its backlog in the fourth quarter of 2020. In a statement, the company says that this brings the total new awards for the financial year 2020 to $2.9 billion – a reflection of the group’s successful efforts to add high-quality projects and maintain a healthy backlog throughout the year. The estimated consolidated backlog stood at $5.3 billion as of 31 December 2020, it added. Projects in Egypt comprised 62% of new awards during Q4 2020, a large portion of which is attributable to the transportation sector, while new awards in the US accounted for

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Last updated : 03 February 2021 clock 12:47 PM

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Orascom Construction adds $920m of new contract awards in Q4 2020 ...United Arab Emirates

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