Orascom Construction Adds USD 520 Million to its Backlog in Q3 2018


Orascom Construction Limited (NASDAQ Dubai: OC; EGX: ORAS) announces that it has added USD 520 million of new awards to its backlog in Q3 2018. Egypt accounted for approximately 60% of new awards while the U.S. represented the balance. Consolidated backlog as of 30 September 2018 stood at USD 4.1 billion.

New awards in Egypt were mainly across the infrastructure and wastewater treatment sectors as the Group strengthened its leadership position in these market segments. In the U.S., the Group maintained the improved level of new awards achieved in the second quarter and signed new projects across the private-sector commercial and light industrial sectors. 

BESIX added approximately EUR 380 million of new projects in Q3 2018, bringing its total new awards to EUR 1.9 billion and backlog to EUR 3.2 billion as of the end of the third quarter.

Orascom Construction Adds USD 520 Million to its Backlog in Q3 2018