Wed/March 26/2025 – 11:05 PM
Osama Bishai, CEO of Orascom Construction, said that the company plans to reduce the volume of its business in Egypt for up to 33% before the year 2026, in order to focus on expanding foreign markets.
Orascom: The company has a vital project in the Emirates, which is a water treatment plant for ADNOC
Beshay stressed during televised statements, that the company has a vital project in the Emirates, which is a water treatment plant for the UAE company ADNOC, explaining that the project is scheduled to be completed in 2026.
Beshay pointed out that Orascom Construction has a number of projects in the UAE and Saudi Arabia in the fields of electricity, water and infrastructure, adding that the company aims to obtain a good share in these promising markets, especially in the fields of power stations, which are witnessing increasing interest by governments in the region.
Bashi also explained that the company expects a relative improvement in its profits at various levels during the first and second quarters of this year 2025, which reflects the success of the expansion and development strategies pursued by the company.
Orascom Construction continues to enhance its presence in the UAE and Saudi markets by focusing on huge brown infrastructure projects that keep pace with economic growth in both countries, which enhances its location in the construction and energy sector in the Gulf region.
The Board of Directors of Orascom Financial Holding Company agreed to the offer submitted by the Holding Limited Company to acquire 59,399,850 shares, representing 98.99% of the capital of the Klifvr for development company Klivvr for Dot for Electronics Development and Electronics Development and Electronic Payments Electronic Payments SAMM) (Clever Payments).
