{"id":556150,"date":"2021-10-13T04:03:08","date_gmt":"2021-10-13T04:03:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/orascom-construction-adds-nearly-usd-1-bn-to-backlog-in-3q\/"},"modified":"2021-10-13T04:03:08","modified_gmt":"2021-10-13T04:03:08","slug":"orascom-construction-adds-nearly-usd-1-bn-to-backlog-in-3q","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/orascom-construction-adds-nearly-usd-1-bn-to-backlog-in-3q\/","title":{"rendered":"Orascom Construction adds nearly USD 1 bn to backlog in 3Q"},"content":{"rendered":"

<\/a> Orascom Construction added USD 960 mn-worth of new contracts to its backlog<\/strong> in 3Q2021<\/strong>, growing 42% y-o-y annual increase, the company announced in a statement<\/a>. Projects in Egypt made up 65% of new contracts during the quarter, including a contract to design, install, commission and maintain Egypt\u2019s first high-speed rail system. The other 35% came from new contracts in the US, mainly large projects in student housing. Consolidated backlog grew to USD 9.1 bn by the end of the quarter.<\/p>\n

OTHER INFRASTRUCTURE NEWS- Egypt\u2019s Arab Contractors will develop the main port in <\/strong>Lebanon\u2019s Tripoli<\/strong> under an agreement signed with the Lebanese government, according to Al Shorouk<\/a>. The project, which involves revamping the port\u2019s infrastructure with new customs buildings, administrative offices, and fire stations, is expected to cost USD 87 mn. It will be fully funded by the Islamic Development Bank, with work expected to begin within as little as 10 days, according to Xinhua<\/a>. The agreement was signed by Lebanon's Council for Development and Reconstruction.<\/p>\n","protected":false},"excerpt":{"rendered":"

Orascom Construction added USD 960 mn-worth of new contracts to its backlog in 3Q2021, growing 42% y-o-y annual increase, the company announced in a statement. Projects in Egypt made up 65% of new contracts during the quarter, including a contract to design, install, commission and maintain Egypt\u2019s first high-speed rail system. The other 35% came […]<\/p>\n","protected":false},"author":1,"featured_media":556151,"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":[7278],"tags":[72,7111,363,219,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-556150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infrastructure","tag-enterpriseam","tag-infrastructure","tag-orascom-construction","tag-saudi-arabia","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"b9e6ecf9-9165-4f64-acc6-9d7f2a0b9e7f","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/10\/144.jpg","photo_position":"above","related_issue":[556140],"teaser":"","voice_url":""},"yoast_head":"\nOrascom Construction adds nearly USD 1 bn to backlog in 3Q - 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\/2021\/10\/13\/orascom-construction-adds-nearly-usd-1-bn-to-backlog-in-3q\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Orascom Construction adds nearly USD 1 bn to backlog in 3Q\" \/>\n<meta property=\"og:description\" content=\"Orascom Construction added USD 960 mn-worth of new contracts to its backlog in 3Q2021, growing 42% y-o-y annual increase, the company announced in a statement. Projects in Egypt made up 65% of new contracts during the quarter, including a contract to design, install, commission and maintain Egypt\u2019s first high-speed rail system. 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The new projects bring the company\u2019s outstanding consolidated backlog to USD 5.1 bn as of 30 September 2019, compared to USD 4.2 bn last\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":542813,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/18\/orascom-construction-adds-usd-785-mn-to-its-backlog-in-4q2021\/","url_meta":{"origin":556150,"position":1},"title":"Orascom Construction adds USD 785 mn to its backlog in 4Q2021","author":"enterpriseam admin","date":"18 January 2022","format":false,"excerpt":"Our friends at Orascom Construction saw total new awards rise 22% y-o-y in 2021 to hit USD 3.5 bn, the company said in a statement (pdf). The firm added new awards worth USD 785 mn to its backlog in 4Q2021, the statement added. 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":556150,"position":2},"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. In 4Q, the company reported a 43% increase in net income attributable to shareholders to USD 37.1 mn,\u2026","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567202,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/15\/orascom-construction-adds-usd-770-mn-in-new-awards-to-4q-2019-backlog\/","url_meta":{"origin":556150,"position":3},"title":"Orascom Construction adds USD 770 mn in new awards to 4Q 2019 backlog","author":"enterpriseam admin","date":"15 January 2020","format":false,"excerpt":"Orascom Construction added USD 770 mn to its backlog in 4Q2019, growing the value of current projects under construction to USD 5.2 bn, up from USD 4.3 bn at the same time last year, according to a company statement. Projects in Egypt account for the lion\u2019s share of the backlog:\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":563554,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/07\/orascom-construction-adds-usd-1-1-bn-new-awards-in-2q2021\/","url_meta":{"origin":556150,"position":4},"title":"Orascom Construction adds USD 1.1 bn new awards in 2Q2021","author":"enterpriseam admin","date":"7 July 2021","format":false,"excerpt":"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\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":596824,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/orascom-construction-adds-usd-935-mn-of-backlog-in-2q\/","url_meta":{"origin":556150,"position":5},"title":"Orascom Construction adds USD 935 mn of backlog in 2Q","author":"enterpriseam admin","date":"9 July 2019","format":false,"excerpt":"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\u2019s outstanding consolidated backlog to\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/556150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=556150"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/556150\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/556140"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/556151"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=556150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=556150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=556150"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=556150"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=556150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}