Orascom Construction Adds USD 825 Million to its Backlog in Q4 2018


Orascom Construction PLC (NASDAQ Dubai: OC; EGX: ORAS) announces that it has added USD 825 million of new awards to its backlog in Q4 2018, marking a strong quarter of order intake.

Projects in Egypt and Africa accounted for approximately 60% of new awards in Q4 2018 while new work in the U.S. comprised the balance. The Group has now added total new awards of USD 2.3 billion in FY 2018, representing an improvement over the previous year and closing FY 2018 at an estimated consolidated backlog size of USD 4.2 billion.

Orascom Construction Adds USD 825 Million to its Backlog in Q4 2018