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OCI Construction Group Awarded EGP 1.5BN in Egypt

Jul 17 2013 12:00AM

Marketwire

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AMSTERDAM, THE NETHERLANDS -- (Marketwired) -- 07/17/13 --

Amsterdam, the Netherlands / 17 July, 2013 3:15 PMOCI Construction Group Awarded Several Projects Valued at EGP 1.5billion in EgyptOCI N.V. announced today that the OCI Construction Group has beenawarded several contracts in Egypt valued at a total of EGP 1.5billion. These contracts, part of which will be paid in foreigncurrency, cover a number of sectors such as power, healthcare andtransportation, and were awarded by both private and public sectorclients. Among the new awards are Phase II of Dar El Fouad hospital anda 500 megawatt power plant in Six of October City.OCI Construction Group Chief Operating Officer, Osama Bishai,commented: "OCI continues to secure high-quality work of significantsize during this challenging transitional period in Egypt, and yet weremain selective in the projects that we pursue in order to minimizecounterparty risk. Our ability to maintain human resources and mobilizeeffectively once sizeable projects are secured makes us the contractorof choice for many of our clients. OCI is excited to build on itsintegral role in driving business activity and employment in Egypt, andwe look forward to contributing to the economic recovery."About OCI N.V.:OCI N.V. is a global nitrogen-based fertilizer producer and engineering& construction contractor based in the Netherlands. The FertilizerGroup owns and operates nitrogen fertilizer plants in the Netherlands,the United States, Egypt and Algeria and has an internationaldistribution platform spanning from the Americas to Asia. TheFertilizer Group ranks among the world's top fertilizer producers witha fertilizer production capacity of nearly 7 million metric tons. TheConstruction Group provides international engineering and constructionservices primarily on infrastructure, industrial and high-endcommercial projects in the United States, Europe, the Middle East,North Africa and Central Asia for public and private clients. TheConstruction Group ranks among the world's top global contractors. OCIN.V. employs more than 75,000 people in 35 countries around the globeand is listed on the NYSE Euronext in Amsterdam.For additional information contact:Investor Relations Department:Omar DarwazahEmail: odarwazah@orascomci.co.ukErika WakidEmail: ewakid@orascomci.co.ukHassan BadrawiDirectorTel: +202 2461 1036/0727/0917Fax: +202 2461 9409For additional information on OCI N.V.:www.ocinv.nlMijnweg 1,6167 AC Geleen,The NetherlandsOCI N.V. stock symbols: OCI / OCI.NA / OCI.AS / OCINY This information is provided by RNS The company news service from the London Stock ExchangeEND





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