full article

Orascom Construction Adds USD 575 Million of New Awards in the US During Q3 2016

19 October, 2016

Orascom Construction Limited (NASDAQ Dubai: OC; EGX: ORAS) announces that its wholly-owned U.S. operations, Contrack Watts and Weitz, added approximately USD 575 million to their backlog during the third quarter of 2016.  

This additional backlog is a combination of new infrastructure work mainly in the Pacific Rim, affirming Contrack Watts’ presence, and commercial business in Weitz’s core markets across the U.S.

Osama Bishai, CEO of Orascom Construction, commented, “We are pleased with our continuous expansion in the US, and that both Weitz and Contrack Watts continue to build healthy backlog to sustain their growth.”