{"id":548317,"date":"2022-08-03T04:00:11","date_gmt":"2022-08-03T04:00:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/03\/orascom-constructions-new-awards-rise-55-y-o-y-in-2q-2022-thanks-to-high-speed-rail-contract\/"},"modified":"2022-08-03T04:00:11","modified_gmt":"2022-08-03T04:00:11","slug":"orascom-constructions-new-awards-rise-55-y-o-y-in-2q-2022-thanks-to-high-speed-rail-contract","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/03\/orascom-constructions-new-awards-rise-55-y-o-y-in-2q-2022-thanks-to-high-speed-rail-contract\/","title":{"rendered":"Orascom Construction\u2019s new awards rise 55% y-o-y in 2Q 2022 thanks to high-speed rail contract"},"content":{"rendered":"

<\/a> Orascom Cons<\/strong>truction (OC) saw new awards rise 55% y-o-y in 2Q 2022<\/strong> to hit USD 1.8 bn, the company said in a statement<\/a><\/a>(pdf)<\/a>, bringing new awards for the first half of the year to USD 2.4 bn. The company's total consolidated backlog now sits at c. USD 6.4 bn.<\/p>\n

High-speed rail is big for OC: <\/strong>The contractor in May signed a contract<\/a> along with Siemens Mobility and Arab Contractors for the second phase of the planned 2k-km high-speed rail line, in which OC\u2019s share is worth USD 1.2 bn. Some 70% (or USD 1.26 bn) of the new awards in 2Q 2022 were for local projects, while the remaining 30% were for US-based projects, according to the release.<\/p>\n

Shareholders approve dividend payout:<\/strong> OC will distribute USD 27 mn worth of dividends this month after shareholders yesterday approved plans to pay out USD 0.2313 per share on 24 August, the company said in a regulatory filing (pdf)<\/a> yesterday. Investors with shares in OC on the Nasdaq Dubai will receive their dividends in USD, while those with shares in the EGX will receive them in EGP.<\/p>\n","protected":false},"excerpt":{"rendered":"

Orascom Construction (OC) saw new awards rise 55% y-o-y in 2Q 2022 to hit USD 1.8 bn, the company said in a statement(pdf), bringing new awards for the first half of the year to USD 2.4 bn. The company's total consolidated backlog now sits at c. USD 6.4 bn. High-speed rail is big for OC: […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7562],"tags":[130,1053,72,363,207],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-548317","post","type-post","status-publish","format-standard","hentry","category-construction","tag-construction","tag-dividends","tag-enterpriseam","tag-orascom-construction","tag-transport","wpautop","entry"],"acf":{"mongo_id":"acaa529a-5844-47f9-b6ba-afdbcc391835","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[548302],"teaser":"","voice_url":""},"yoast_head":"\nOrascom Construction\u2019s new awards rise 55% y-o-y in 2Q 2022 thanks to high-speed rail contract - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/03\/orascom-constructions-new-awards-rise-55-y-o-y-in-2q-2022-thanks-to-high-speed-rail-contract\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Orascom Construction\u2019s new awards rise 55% y-o-y in 2Q 2022 thanks to high-speed rail contract\" \/>\n<meta property=\"og:description\" content=\"Orascom Construction (OC) saw new awards rise 55% y-o-y in 2Q 2022 to hit USD 1.8 bn, the company said in a statement(pdf), bringing new awards for the first half of the year to USD 2.4 bn. 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Projects in the MENA region \u2014 including\u2026","rel":"","context":"In "Infrastructure"","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":544849,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/23\/orascom-construction-net-income-up-29-in-2021\/","url_meta":{"origin":548317,"position":4},"title":"Orascom Construction net income up 29% in 2021","author":"enterpriseam admin","date":"23 March 2022","format":false,"excerpt":"Orascom Construction (OC) reported USD 113.4 mn in net income attributable to shareholders in 2021, up 29% y-o-y, according to its financials (pdf). Revenues rose 5% from 2020 to USD 3.5 bn. 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