Orascom is a leading contracting and engineering company with a strong presence in the Middle East, Africa, and the United States. The company is known for providing top-notch services and forming reliable alliances. It specializes in infrastructure, industrial, and commercial projects.
With a history of sustainable growth and investments in concessions and O&, Orascom has become a prominent player in the global engineering and construction industry. It also owns 50% of BESIX Group, a leading construction company in Europe and the Middle East. Orascom’s portfolio includes many projects, from airports and highways to power plants and water treatment facilities.
Orascom is committed to completing projects that satisfy the highest requirements for sustainability, safety, and quality because it is an organization that honors innovation and quality. Its skilled group of experts is committed to offering customers specialized solutions that take into account their particular requirements and difficulties. With its global footprint and diverse expertise, Orascom is well-positioned to take on complex projects and deliver exceptional results.
Company Overview
About Us
Orascom Construction, also known as Orascom Construction PLCPLC, is a global engineering and construction contractor primarily focusing on infrastructure, industrial, and high-end commercial projects. The company is headquartered in Dubai, UAE UAE, and operates in multiple countries across the Middle East, Africa, and the United States. In addition, Orascom Construction holds a 50% stake in Besix Group, invests in concessions, and manufactures building materials under the name Orascom Construction Industries SAESAE
History
Orascom Construction was founded in Egypt in 1950 by Onsi Sawiris. Over the years, the company has grown into a multinational corporation with diverse projects. In 2015, Orascom Construction merged with Besix Group to create a leading global construction and engineering powerhouse.
Global Footprint
Orascom Construction operates in over 25 countries across the Middle East, Africa, and the United States. The company has a strong presence in Egypt, the UAE, and Belgium, where it operates through its subsidiaries. Orascom Construction has completed several iconic projects, such as the Burj Khalifa in Dubai, UAE, and the Grand Ethiopian Renaissance Dam in Ethiopia.
Leadership
Orascom Construction has a strong and experienced board of directors that governs the business’s operations and strategic direction. The Board is chaired by Samih Sawiris, the founder of Orascom Development Holding AG. Osama Bishai is the CEO of Orascom Construction and is responsible for the company’s day-to-day management.
Subsidiaries
Orascom Construction owns several subsidiaries, including Besix Group, The Weitz Company, Contrack Watts, and Orascom Industrial Parks. Besix Group is a leading Belgian construction company specializing in building, civil engineering, and environmental projects. The Weitz Company is a US-based construction firm specializing in commercial, industrial, and institutional construction. Contract Watts is a US-based construction company that focuses on federal government projects. Orascom Industrial Parks is a subsidiary that develops and manages industrial parks in Egypt.
Overall, Orascom Construction is a leading global engineering and construction contractor with a strong presence in the Middle East, Africa, and the United States. The company has a diverse range of projects and a strong portfolio of subsidiaries, which enables it to deliver high-quality projects to its clients.
Business Segments
Orascom Construction is a well-known international engineering and construction company that specializes in high-end commercial, industrial, and infrastructure projects in the US, the Middle East, and Africa. Along with operating in the United Arab Emirates, Saudi Arabia, and Qatar, Orascom Construction also develops and invests in concessions and holds a 50% stake in BESIX Group.
Construction Contractor
Orascom Construction provides construction services for various projects, including airports, highways, tunnels, bridges, and power plants. The company has a solid reputation for completing high-quality work on schedule and within budget, and it has a wealth of experience building large-scale projects.
Infrastructure Projects
Orascom Construction has a strong track record in developing and constructing infrastructure projects, including water and wastewater treatment plants, power plants, and transportation systems. The company has extensive experience in the design and construction of large-scale infrastructure projects in the Middle East, Africa, and the United States.
Industrial and Engineering Services
Orascom Construction provides industrial and engineering services to various clients, including oil and gas companies, chemical manufacturers, and mining companies. The company has a strong reputation for delivering high-quality services and has extensive experience in the construction of industrial facilities.
Building Materials
Orascom Construction is a leading supplier of building materials, including cement, aggregates, and ready-mix concrete. The company has a strong reputation for providing high-quality building materials and has extensive experience in the production and distribution of these materials.
Facility Management
Orascom Construction provides facility management services to many clients, including hospitals, universities, and government agencies. The company has a strong reputation for providing high-quality facility management services and extensive experience managing large-scale facilities.
Overall, Orascom Construction has a strong reputation for delivering high-quality work and providing excellent client services. The company has extensive experience in the construction, engineering, industrial, equipment, building materials, and facilities management sectors and is well-positioned to continue to grow and expand its business in the future.
Key Projects and Achievements
Orascom Construction is a leading global engineering and construction contractor involved in several high-profile projects across the Middle East, Africa, and the United States. The business has a track record of meeting deadlines, staying under budget, and completing challenging projects while upholding the highest standards of quality and safety.
High-End Commercial Projects
Orascom Construction has been constructing several high-end commercial projects, including luxury hotels, shopping malls, and office buildings. One of the company’s most notable projects is the Nile Ritz-Carlton Hotel in Cairo, Egypt. The hotel is a luxurious 13-story establishment with 331 rooms, a fitness center, a spa, and a number of eateries and bars.
Infrastructure Development
Orascom Construction has developed several infrastructure projects, including highways, bridges, and airports. The company has played a key role in the development of the New Administrative Capital in Egypt, which is a new city that is being built to relieve congestion in Cairo. Orascom Construction has been involved in the construction of several buildings in the city, including government buildings, residential buildings, and commercial buildings.
Industrial Complexes
Orascom Construction has been constructing several industrial complexes, including factories and power plants. One of the company’s most notable projects is the Wind Farm in Ras Ghareb, Egypt. The wind farm is a 262 MW project that consists of 125 wind turbines and is capable of producing enough electricity to power more than 350,000 homes.
Mega National Projects
Orascom Construction has been involved in several mega-national projects, including the construction of the Monorail in Cairo, Egypt. The Monorail is a 52-kilometer project connecting several new cities built around Cairo. Orascom Construction has also been involved in several water treatment and wastewater treatment projects, including the construction of several treatment plants in Egypt.
All things considered, Orascom Construction has made a name for itself as a trustworthy and respectable builder with a track record of completing challenging projects on schedule and under budget. Due to its broad experience in infrastructure, industrial, and luxury commercial projects, the company is regarded as a reliable partner by clients all over the world.
Sustainability and Responsibility
Orascom Construction is committed to sustainability and responsibility in its operations. The company recognizes that its activities impact the environment, communities, and its employees’ and stakeholders’ health and safety. Therefore, it takes a proactive approach to minimize its environmental footprint, engage with local communities, ensure the safety of its employees, and promote education initiatives.
Environmental Stewardship
Orascom Construction is dedicated to lowering its carbon footprint and preserving the environment. The company has taken a number of steps to cut back on waste production, water use, and energy use. For example, it has installed energy-efficient lighting and HVAC systems in its buildings, implemented water conservation measures, and implemented recycling programs. Furthermore, the organization is dedicated to utilizing eco-friendly materials and methods in its building endeavors.
Community Engagement
Orascom Construction recognizes the importance of engaging with local communities and building strong relationships. The company works closely with local stakeholders to understand their needs and concerns and ensure its projects benefit the local community. For example, it has implemented community development programs, supported local businesses, and provided employment and training opportunities for residents.
Health & Safety
Orascom Construction is committed to ensuring its employees’ and stakeholders’ health and safety. The business has put in place a thorough health and safety program that includes risk assessment, hazard identification, and training. In addition, it has implemented strict safety protocols on its construction sites to prevent accidents and injuries.
Education Initiatives
Orascom Construction recognizes the importance of education in building sustainable communities. The company has implemented several education initiatives to support local schools and universities. For example, it has provided scholarships, donated equipment and materials, and sponsored educational programs. To guarantee that its staff members have the ability to work safely and effectively, it has also put in place training programs for them.
Overall, Orascom Construction is committed to sustainability and responsibility in its operations. The company takes proactive measures to ensure that it operates responsibly and sustainably because it understands that the health of its stakeholders, workers, and the environment is critical to its success.
Financial Insights
Investment Strategy
Leading international engineering and construction firm Orascom Construction Plc has a proven track record of completing challenging projects in a range of industries. The company’s investment strategy is centered on expanding its presence in emerging markets, particularly in the Middle East, Africa, and the United States.
Orascom Construction Plc has a diversified portfolio of projects, which helps to mitigate risk and ensure a stable revenue stream. The company’s focus on large-scale infrastructure projects, such as power plants, highways, and airports, provides a solid foundation for future growth.
Shareholder Value
Orascom Construction Plc is dedicated to generating value for its investors through steady financial growth and sound balance sheet management. The business has a sound dividend policy in place and has given its shareholders dividend payments on a regular basis over the years.
Orascom Construction Plc is well known for completing projects of the highest caliber on schedule and within budget. This has helped build trust with its customers, which has led to repeat business and a loyal customer base.
Stock Information
Orascom Construction Plc is listed on the Egyptian Exchange (EGXEGX) and the Nasdaq Dubai. The company’s share price has fluctuated over the years but has generally shown a positive trend.
Currently, Orascom Construction Plc’s stock trades at a price-to-earnings ratio of 14.5, below the industry average. The company’s market capitalization is approximately $2.8 billion.
Orascom Construction Plc’s financial reports show the company has a strong balance sheet, with total assets of USD 7.4 billion and total liabilities of USD 4.8 billion as of the end of FYFY 2021. The company’s net income for FYF.Y. 2021 was USD 199.6 million, up from USD 136.8 million in FYF.Y. 2020.
All things considered, Orascom Construction Plc is a financially stable company with a proven track record of finishing projects of the highest caliber. For investors wishing to make an investment in the engineering and construction industry, the company’s investment strategy and emphasis on shareholder value make it a desirable choice.
Operational Excellence
Orascom Construction PLC is a prominent international engineering and construction firm that specializes in high-end commercial, industrial, and infrastructure projects in the US, the Middle East, and Africa. Orascom Construction’s commitment to operational excellence has helped it establish a reputation for delivering high-quality projects on time and within budget.
Quality Assurance
The foundation of Orascom Construction’s quality assurance strategy is a thorough quality management system created to guarantee that every project is finished to the highest standards. The company’s quality management system consists of a number of policies and procedures intended to detect and reduce risks, guarantee adherence to rules and guidelines, and foster ongoing development.
A group of skilled quality assurance specialists who are in charge of making sure every project satisfies Orascom Construction’s exacting standards for quality support the company’s quality management system. This group collaborates closely with project teams to find possible problems with quality and create plans to fix them.
Procurement Strategies
Orascom Construction’s procurement strategies ensure the company can source the highest-quality materials and equipment at competitive prices. The company’s procurement team works closely with suppliers to build lasting connections founded on mutual trust and respect.
The procurement team at Orascom Construction also employs data-driven insights and sophisticated analytics to find areas where procedures can be streamlined and costs can be reduced. This approach helps the company to optimize its procurement processes, reduce costs, and improve efficiency.
Innovative Technologies
Orascom Construction is committed to leveraging innovative technologies to improve project delivery and customer satisfaction. The organization has made significant investments in digital technologies, including Building Information Modeling (BIM), in order to optimize project planning and implementation.
Orascom Construction has also developed proprietary software tools that enable it to manage complex projects more effectively. With the use of these technologies, the business is able to keep an eye on the status of projects in real-time, spot possible problems before they become ones, and make data-driven decisions that enhance project results.
In conclusion, Orascom Construction’s commitment to operational excellence is key to its success as a global engineering and construction contractor. The company has built a reputation for completing high-quality projects on schedule and within budget thanks to its emphasis on quality assurance, creative procurement techniques, and cutting-edge technologies.
Corporate News and Updates
Press Releases
Orascom Construction is a well-known international engineering and construction company that specializes in high-end commercial, industrial, and infrastructure projects in the US, the Middle East, and Africa. The company recently released press releases highlighting its financial performance, achievements, and future plans.
Orascom Construction reported revenue of USD 3.4 billion for the fiscal year 2023 and a backlog of USD 8.1 billion in February 2024. The company also announced an interim dividend as per the board resolution. In November 2023, the company reported a backlog of USD 7.0 billion and revenue of USD 2.4 billion in 9M 2023.
In March 2024, Orascom Construction reported a consolidated EBITDA of USD 232.6 million and net income attributable to shareholders of USD 158.6 million in FY 2023. The organization is dedicated to providing its investors with value and sustainable growth.
Events Calendar
Orascom Construction maintains an events calendar on its website, which provides information on upcoming events and presentations. The calendar includes details on financial results, shareholder meetings, and other important events.
In September 2022, Orascom Construction released its corporate presentation, highlighting the company’s achievements, capabilities, and future plans. The presentation focused on the company’s commitment to sustainable development, innovation, and excellence.
Market Announcements
Orascom Construction regularly releases market announcements to inform its stakeholders about its operations, financial performance, and other important developments.
In December 2023, the company announced that its fourth-quarter net income had jumped more than 50 percent as revenue surged amid a strong operational performance. The net profit attributable to shareholders for the three months to the end of December rose to USD 55.8 million from USD 37.1 million a year earlier.
Orascom Construction is committed to maintaining high standards of openness and responsibility in its business and communicates with its stakeholders through various channels, including its newsroom, calendar, achievements, and brands.
Careers and Culture
Orascom Construction is a leading global engineering and construction contractor with operations in the infrastructure, industrial, and commercial sectors across the Middle East, Africa, and the United States. The company’s culture is guided by four key pillars: safety, quality, integrity, and sustainability.
Working at Orascom
Orascom provides a dynamic, challenging work environment that fosters innovation and creativity. The organization embraces diversity and invites staff members to contribute their special insights and experiences. The company’s inspirational leadership is dedicated to fostering an environment of excellence that enables staff members to realize their greatest potential.
Career Opportunities
Orascom offers many career opportunities for talented individuals passionate about making a difference. By offering competitive pay packages, extensive benefits, and chances for growth and advancement, the company is dedicated to luring, nurturing, and keeping top talent. Orascom values its employees and recognizes their contributions to the company’s success.
Employee Development
Orascom is committed to investing in the development of its employees through training, mentoring, and other professional development programs. The company provides its employees with the tools and resources to succeed and grow. Orascom values continuous learning and encourages employees to take advantage of the many opportunities for personal and professional growth.
In summary, Orascom Construction is a leading global engineering and construction contractor, providing a dynamic and challenging work environment for talented individuals passionate about making a difference. The company’s visionary leadership, commitment to safety, quality, integrity, and sustainability, and focus on employee development make it an excellent place to build a career.
Frequently Asked Questions
What types of projects does Orascom Construction typically undertake?
Orascom Construction is a leading global engineering and construction contractor specializing in infrastructure, industrial, and high-end commercial projects. The company’s portfolio of projects is varied and includes oil and gas facilities, power plants, airports, and highways. Orascom Construction also has expertise in building luxury hotels, resorts, and residential complexes.
How can one apply for a career opportunity with Orascom Group?
Orascom Group offers a range of career opportunities across its various subsidiaries. Interested candidates can visit the company’s website to view available job openings and submit their applications online. The company also offers internship programs for students and graduates who are interested in gaining valuable work experience.
What are the flagship developments of Orascom Development?
Orascom Development is a leading developer of high-end resort destinations in Egypt, Switzerland, and Montenegro. The company’s flagship developments include El Gouna, a self-sufficient town on the Red Sea coast of Egypt, and Andermatt Swiss Alps, a luxury ski resort in the heart of the Swiss Alps.
In which countries does Orascom Development have a notable presence?
Orascom Development has a significant presence in Egypt, Switzerland, and Montenegro, where it has developed a range of high-end resort destinations. The company also has a growing presence in Oman, the United Arab Emirates, and Morocco and is developing new projects.
How does Orascom Development Egypt contribute to the real estate market?
Orascom Development Egypt is a leading real estate developer in Egypt, focusing on luxury residential and commercial projects. The company has a strong track record of delivering high-quality developments that meet the needs of its customers. Orascom Development Egypt’s projects have contributed significantly to the growth of the real estate market in Egypt.
What internship opportunities are available at Orascom for students and graduates?
Orascom Group offers a range of internship opportunities for students and graduates interested in gaining valuable work experience. The company’s internship programs are designed to provide participants with hands-on experience in a variety of fields, including engineering, construction, finance, and marketing. Interested candidates can visit the company’s website to learn about available internship opportunities.
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