
Orascom, owned by Sawiris family, plans Egypt cutback after $2.6 billion Saudi deal approval
CEO Osama Bishai said Orascom is prioritizing projects with foreign currency funding and international financial backing.
CEO Osama Bishai said Orascom is prioritizing projects with foreign currency funding and international financial backing.
Orascom Construction secures green light for a $2.6 billion Qurayyah IPP expansion in Saudi Arabia, reinforcing its regional energy footprint with a 3GW boost.
The Ras Ghareb Wind Farm development project, reaffirms Orascom’s commitment to shaping a cleaner, more sustainable future for Egypt.
The dividend announcement follows a resilient financial performance for the first nine months of 2024, with Orascom reporting $2.32 billion in revenue.
Orascom posted $2.32 billion in revenue, a slight decline of 1.92 percent from $2.37 billion in the same period last year.
Orascom Construction, a global engineering leader, expands its footprint with the Ras El Hekma mega project.
Orascom Construction, a global engineering leader, expands its renewable energy portfolio in Egypt.
Throughout 2023, Orascom Construction expanded its footprint by securing quality, internationally funded projects in Egypt and diversifying its presence in the UAE.
Founded in 1950 by the late Egyptian tycoon Onsi Sawiris, Orascom Construction is led by the Sawiris family.
Orascom Construction, an engineering and construction contractor with a primary focus on infrastructure, is led by Egypt’s richest family — the Sawiris family.
Orascom Construction is a leading global engineering and construction contractor.
Established in 1950 by the late Egyptian businessman Onsi Sawiris, Orascom Construction is majority-owned by the Sawiris family.
This divestment is part of Orascom’s strategy to extract value across its assets for allocation to growth and value-accretive areas.
Orascom Construction is 51.8 percent owned by the Sawiris family.
Orascom Construction is majority-owned by the Sawiris family through their private investment vehicle OS Private Trust Company.
Orascom Construction is a Cairo-based multinational engineering and construction firm.