Orascom Construction added new awards worth USD 1.1 bn to its backlog during 2Q2021, the company said in a statement. Egypt's projects accounted for 32% of new awards in the water and industrial sectors, while the remaining 68% were for data center projects in the US. In 1H2021, the company netted USD 1.8 bn in new awards.
More from Enterprise
How correspondent banking works, and what the FinCEN clampdown on Banque Misr UAE means for business
As FinCEN proposes cutting Banque Misr’s UAE branches from USD…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
Why EGX stocks are going under the IPO wave
Fund managers are releasing liquidity for ongoing and future IPOs,…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…