News Column

OCI Construction Group Awarded US$ 420 MM in KSA

Jul 2 2013 12:00AM

Marketwire

Tracker

CAIRO, EGYPT -- (Marketwired) -- 07/02/13 -- Orascom Construction Inds, S.A.E. (LSE: ORSD)

Amsterdam, the Netherlands / 2 July, 2013 8:00 AMOCI Construction Group Awarded USD 420 Million in InfrastructureProjects in Saudi ArabiaOCI N.V. announced today that the OCI Construction Group, through itssubsidiary Orascom Saudi Limited Company (OSL), has concludednegotiations for the award of infrastructure contracts worth a combinedvalue of SAR 1.6 billion (USD 420 million).The projects will be executed at several locations in Saudi Arabia,where the Construction Group is currently executing approximately USD790 million worth of work, excluding these new contracts.OCI Construction Group Chief Operating Officer, Osama Bishai,commented: "These contracts reflect the OCI Construction Group'son-going commitment to expand our Saudi Arabian operations. We are wellpositioned to continue to grow our Saudi Arabian backlog bycapitalizing on our strong track record in executing large-scaleinfrastructure projects in Saudi Arabia."OCI expects to formally sign the contracts in the coming weeks.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: For additional information on OCI N.V.:Omar Darwazah www.ocinv.nlEmail: odarwazah@orascomci.co.uk Mijnweg 1,Erika Wakid 6167 AC Geleen,Email: ewakid@orascomci.co.uk The Netherlands OCI N.V. stock symbols: OCI / OCI.NA / OCI.AS / OCINYHassan BadrawiDirectorTel: +202 2461 1036/0727/0917Fax: +202 2461 9409 This information is provided by RNS The company news service from the London Stock ExchangeEND





Contacts:
RNS
Customer
Services
0044-207797-4400
Email Contact
http://www.rns.com





Source: Marketwire


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters