OCI awarded $40 million Eastern Company warehouse contract
Orascom Construction Industries (OCI) has been awarded a contract valued at 246 million Egyptian pounds ($40 million) by Eastern Company for the construction of new warehousing facilities in 6th October City, Egypt.
This is the first major contract awarded by Eastern Company as part of their relocation program, which is expected to generate construction work valued in excess of EP 700 million. The construction of the warehouse facilities will require 150,000 cubic meters of concrete and the fabrication and installation of 30,000 tons of reinforcing steel.
OCI focuses on three high growth business activities – construction services, cement manufacturing and infrastructure concessions. The Construction Group provides engineering, procurement and construction services on industrial, commercial, infrastructure and railway projects for public and private customers in the Middle East and North Africa. The Cement Group owns and operates cement production plants in Egypt and Algeria. The Concessions Group participates as an equity investor in long-term infrastructure concessions including port
operations, industrial parks and natural gas distribution systems. — (menareport.com)
© 2004 Mena Report (www.menareport.com)
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