full article

Orascom Construction Adds USD 1.1 Billion to its Backlog in Q2 2021

06 July, 2021

Orascom Construction PLC (NASDAQ Dubai: OC; EGX: ORAS) announces that it has added USD 1.1 billion of new awards to its backlog in Q2 2021. These new awards mark an increase of 52% y-o-y over the level in Q2 2020 and bring total new awards in H1 2021 to USD 1.8 billion.

Projects in Egypt comprised 32% of new awards during Q2 2021 as the Group added contracts across the water and industrial sectors. New awards in the U.S. accounted for 68% of total during the quarter due to sizable projects in the data center sector.   

The estimated consolidated backlog stood at USD 5.8 billion as of 30 June 2021.

Orascom Construction Adds USD 1.1 Billion to its Backlog in Q2 2021

newsroom

More Articles

Prev.
Next