Orascom Construction has added USD 1.3 bn to its backlog in 3Q2019, up 30% compared to a year earlier, the company said in a statement (pdf). The new projects bring the company’s outstanding consolidated backlog to USD 5.1 bn as of 30 September 2019, compared to USD 4.2 bn last year.
The majority of the new contracts are in Egypt’s railways: Projects in Egypt accounted for 75% of the new awards in the third quarter, led by an Orascom consortium winning the tender to implement the monorails linking Sixth of October City to Giza and Nasr City to the new administrative capital. An Orascom joint venture will also lay all 160 km of track for the electric light rail project, the company said.