Weitz Awarded USD 101 Million to Build the Iowa Events Center Hotel


Weitz Awarded USD 101 Million to Build the Iowa Events Center Hotel
Orascom Construction (NASDAQ Dubai: OC; EGX: ORAS) announced today that The Weitz Company, a wholly-owned subsidiary, has been selected to build the Iowa Events Center Hotel for a total project value of USD 101 million. The project, which will be located in Des Moines, Iowa, will include a build-out of a 330-room convention hotel and connect the hotel to the Iowa Events Center, a multi-venue convention center and entertainment complex.

Len Martling, President & CEO of Weitz, commented, “Weitz is excited to lead another project integral to the development of the greater Des Moines area. We have already worked extensively on the existing facility and look forward to securing further sizeable projects across our core competencies.” 

Osama Bishai, Chief Executive Officer of OC, commented, “We are pleased that Weitz continues to acquire market share and grow at a fast rate. The addition of this award particularly in Weitz’s home state demonstrates the company’s leadership in its area of expertise.”