A track record in Operations & Maintenance & high quality property management

We have secured a number of multi-year O&M contracts for projects on which the Group is also the contractor. Current O&M contracts span several sectors such water treatment, wastewater treatment, water desalination and transportation. We recognized a gap in the Egyptian market for a high-quality facility management company. To fill this growing need, Orascom construction invested in Contrack FM and Orascom Industrial Parks (Orascom-IP).

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Orascom Construction Consortium Signs STA for Dammam West ISTP in Saudi Arabia

22 January, 2019

Orascom Construction PLC (NASDAQ Dubai: OC; EGX: ORAS) announces that its consortium with Metito and MOWAH has signed a Sewage Treatment Agreement (STA) with the Water & Electricity Company (WEC) for Dammam West Independent Sewage Treatment Plant (ISTP) in Saudi Arabia.

This STA signature marks the start of the required steps towards conclusion of all documentation, contracts and agreements to achieve financial close for the project.

The project will be executed on a Build-Own-Operate-Transfer (BOOT) basis and will have an initial capacity of 200,000 m^³/day, expandable to 350,000 m^³/day. Orascom Construction will take the lead on the Engineering, Procurement and Construction (EPC) of the project.

Osama Bishai, CEO of Orascom Construction, commented, “This project is a continuation of our efforts to build a solid portfolio of water-related construction projects similar to what we have achieved in power generation.”