{"id":626673,"date":"2018-07-09T04:19:51","date_gmt":"2018-07-09T04:19:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/09\/orascom-construction-grows-2q2018-backlog-reportedly-eyes-iraq-power-plant-opportunity-with-siemens\/"},"modified":"2018-07-09T04:19:51","modified_gmt":"2018-07-09T04:19:51","slug":"orascom-construction-grows-2q2018-backlog-reportedly-eyes-iraq-power-plant-opportunity-with-siemens","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/09\/orascom-construction-grows-2q2018-backlog-reportedly-eyes-iraq-power-plant-opportunity-with-siemens\/","title":{"rendered":"Orascom Construction grows 2Q2018 backlog, reportedly eyes Iraq power plant opportunity with Siemens"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Orascom Construction added USD 650 mn worth of new contracts to its backlog in 2Q2018 <\/strong>from Egypt and the US, the company said <a href=\"https:\/\/ent.news\/2018\/7\/602.pdf\">yesterday in a statement (pdf)<\/a>. New awards from Egypt amounted to USD 415 mn \u201cacross important sectors such as transportation, water, and new urban developments including the Alamein cities. A portion of these projects has commenced under a letter of intent and execution is underway.\u201d The company added USD 235 mn-worth of new projects in the US, \u201cincluding the Stage 2 extension to the PHX Sky Train guideway and maintenance facility at Phoenix Sky Harbor International Airport in Arizona.\u201d<\/p>\n<p>The news comes as <strong>OC and Siemens reportedly intend to begin rebuilding <\/strong><a href=\"https:\/\/enterprise.press\/stories\/2015\/06\/04\/orascom-to-buold-worlds-largest-power-plants-in-egypt-el-sisis-berlin-visit-makes-waves-cabinet-backing-away-from-vat-ramadan-starts-18-june-pmi-sags-efg-hermes-snags-jpm\/\"><strong>Iraq\u2019s <\/strong>Baiji power plant<\/a> soon. The project will add 50% to the plant\u2019s generation capacity, bringing it to 1.5 GW from a current 1.0 GW, according to Heidar Noury, Iraq\u2019s commercial attach\u00e9 in Cairo. The plant was 97% complete in 2014 before it was targeted by Daesh terrorists, <a href=\"http:\/\/almalnews.com\/Story\/381487\/15\/%C2%AB%D8%A3%D9%88%D8%B1%D8%A7%D8%B3%D9%83%D9%88%D9%85%C2%BB-%D9%88%C2%AB%D8%B3%D9%8A%D9%85%D9%86%D8%B2%C2%BB-%D8%AA%D8%B9%D9%8A%D8%AF-%D8%A8%D9%86%D8%A7%D8%A1-%D9%85%D8%AD%D8%B7%D8%A9-%C2%AB%D8%A8%D9%8A%D8%AC%D9%89%C2%BB-%D8%A7%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A6%D9%8A%D8%A9-%D9%81%D9%89-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-\">Noury tells Al Mal<\/a>. He added that Orascom is one of a number of Egyptian companies participating in the <a href=\"https:\/\/enterprise.press\/stories\/2018\/02\/13\/iraq-looks-to-egypt-as-a-model\/\">USD 88 bn Iraqi reconstruction process<\/a>, listing <a href=\"https:\/\/enterprise.press\/stories\/2018\/03\/18\/diplomacy-foreign-trade-on-18-march\/\">Elsewedy Electric as being in contract<\/a> with the Iraqi Power Ministry, as well as Arab Contractors, Petrojet, and Ceramica Cleopatra Group.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Orascom Construction added USD 650 mn worth of new contracts to its backlog in 2Q2018 from Egypt and the US, the company said yesterday in a statement (pdf). New awards from Egypt amounted to USD 415 mn \u201cacross important sectors such as transportation, water, and new urban developments including the Alamein cities. A portion of [&hellip;]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-626673","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"d6fe5152-ab45-4000-bd1f-82f245555efd","order":"0","is_powered_by":true,"section_story_id":"d57a8cd0-8f7c-44ef-a7b1-252967387f36","story_type":"1","photo_url":"","photo_position":"above","related_issue":[626660],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Orascom Construction grows 2Q2018 backlog, reportedly eyes Iraq power plant opportunity with Siemens - 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\/2018\/07\/09\/orascom-construction-grows-2q2018-backlog-reportedly-eyes-iraq-power-plant-opportunity-with-siemens\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Orascom Construction grows 2Q2018 backlog, reportedly eyes Iraq power plant opportunity with Siemens\" \/>\n<meta property=\"og:description\" content=\"Orascom Construction added USD 650 mn worth of new contracts to its backlog in 2Q2018 from Egypt and the US, the company said yesterday in a statement (pdf). New awards from Egypt amounted to USD 415 mn \u201cacross important sectors such as transportation, water, and new urban developments including the Alamein cities. A portion of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/09\/orascom-construction-grows-2q2018-backlog-reportedly-eyes-iraq-power-plant-opportunity-with-siemens\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-09T04:19:51+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/09\/orascom-construction-grows-2q2018-backlog-reportedly-eyes-iraq-power-plant-opportunity-with-siemens\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/09\/orascom-construction-grows-2q2018-backlog-reportedly-eyes-iraq-power-plant-opportunity-with-siemens\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Orascom Construction grows 2Q2018 backlog, reportedly eyes Iraq power plant opportunity with Siemens\",\"datePublished\":\"2018-07-09T04:19:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/09\/orascom-construction-grows-2q2018-backlog-reportedly-eyes-iraq-power-plant-opportunity-with-siemens\/\"},\"wordCount\":215,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/09\/orascom-construction-grows-2q2018-backlog-reportedly-eyes-iraq-power-plant-opportunity-with-siemens\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/09\/orascom-construction-grows-2q2018-backlog-reportedly-eyes-iraq-power-plant-opportunity-with-siemens\/\",\"name\":\"Orascom Construction grows 2Q2018 backlog, reportedly eyes Iraq power plant opportunity with Siemens - 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Revenues came in 20.8% lower y-o-y at USD 750.1 mn compared to USD 947.2 mn in 2Q2017, which is\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":638432,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/04\/orascom-construction-announces-usd-750-mn-worth-of-new-project-backlog-in-3q2017\/","url_meta":{"origin":626673,"position":1},"title":"Orascom Construction announces USD 750 mn worth of new project backlog in 3Q2017","author":"enterpriseam admin","date":"4 October 2017","format":false,"excerpt":"Orascom Construction added USD 750 mn to its project backlog in 3Q2017 in the Middle East, mainly Egypt, and the United States, the company said in a statement issued yesterday (pdf). USD 550 mn of the total is in projects related to infrastructure and select buildings work in Egypt, while\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":596824,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/orascom-construction-adds-usd-935-mn-of-backlog-in-2q\/","url_meta":{"origin":626673,"position":2},"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 &quot;Speed Round&quot;","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":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":626673,"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 &quot;Speed Round&quot;","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":621353,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/06\/oc-adds-usd-520-mn-in-new-awards-to-its-3q2018-backlog-with-60-coming-from-egypt\/","url_meta":{"origin":626673,"position":4},"title":"OC adds USD 520 mn in new awards to its 3Q2018 backlog, with 60% coming from Egypt","author":"enterpriseam admin","date":"6 November 2018","format":false,"excerpt":"Orascom Construction (OC) added USD 520 mn in new awards to its 3Q2018 backlog, the company said in a statement on Monday (pdf). Consolidated backlog as of 30 September 2018 stood at USD 4.1 bn. Egypt accounted for approximately 60% of new awards, which were mainly across the infrastructure and\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":597720,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/orascom-construction-adds-usd-475-mn-to-backlog-in-1q2019\/","url_meta":{"origin":626673,"position":5},"title":"Orascom Construction adds USD 475 mn to backlog in 1Q2019","author":"enterpriseam admin","date":"2 May 2019","format":false,"excerpt":"Orascom, Arab Contractors sign USD 739 water treatment contract: A joint venture of Orascom Construction and Arab Contractors signed yesterday a USD 739 mn agreement with the Armed Forces Engineering Authority to set up a water treatment plant in Sharqia\u2019s Bahr El Baqar, OC said in a statement (pdf). The\u2026","rel":"","context":"In &quot;Speed Round&quot;","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\/626673","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=626673"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/626673\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/626660"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=626673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=626673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=626673"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=626673"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=626673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}