Egypt s Orascom Construction Q2 net profit soars on one-off gains zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
Fossil Fuel-Linked Companies Dominate Sponsorship of COP27 desmog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from desmog.com Daily Mail and Mail on Sunday newspapers.
RIYADH: Cairo-based Orascom Construction has inked a $8.7 billion deal with Siemens Mobility to expand high-speed rail network to 2,000 km, up from 660 km, completed in the project’s first phase. Upon the completion of the project’s second phase, the high-speed rail system will be the sixth largest in the world, according to a statement. Orascom Construction’s total share of
RIYADH: Cairo-based Orascom Construction has added $785 million in new deals to its backlog in the fourth quarter of 2021, according to the company’s statement. This increases the company’s total new awards by 22 percent year-on-year in the fiscal year 2021, to reach $3.5 billion. Middle East-centered deals made up 55 percent of new contracts during the first quarter of 2021,
RIYADH: Cairo-based Orascom Construction could acquire a 25 percent share in Egypt's first hydrogen plant announced last Wednesday, its CEO told Al Arabiya. The plant is expected to start operation in 2014, Osama Bishai said. Orascom joined the Green Hydrogen Consortium with Fertiglobe, Norway’s Scatec and the Sovereign Fund of Egypt to develop the first Egyptian green