Orascom Construction boosts backlog with USD 935 mn in new projects in 2Q2019: Orascom Construction has added USD 935 mn to its backlog in 2Q2019, up 40% compared to a year earlier, the company said in a bourse filing (pdf). The new projects bring the company’s outstanding consolidated backlog to USD 4.6 bn as of 30 June, compared to USD 4.2 bn last year.

Half of the new contracts are in Egypt: New projects include the largest water treatment plant in Egypt and significant additions to the country’s road development program. The company, which as listings on Nasdaq Dubai and the EGX, recorded the highest level of quarterly order intake since 3Q2016, as it added new projects in its existing core commercial and light industrial sectors while gaining additional scope in the growing data center sector, the company said.

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