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Turner & Townsend buys Egyptian firm
Global professional services firm expands Middle East business
Two firms share $2.6bn Saudi power plant expansion work
Orascom Construction and Técnicas Reunidas have won a contract to build a large-scale 3GW combined cycle gas-fired power plant in Saudi Arabia
Orascom maintains record order backlog as new orders drop
Egypt-based construction group Orascom issues update for Q3
Contractor appointed on $35bn megaproject to build new Egyptian city
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Egypt-based Orascom Construction has signed a framework agreement as a primary contractor for the first phase of the construction of a new city on Egypt’s Mediterranean coast.
What 9 of the world’s top construction companies spend on R&D
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A look at how much the world’s biggest construction companies spend on R&D and what areas of research they are interested in.
Four major nuclear power reactors that have started construction in 2024
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Construction Briefing takes a look at four major nuclear construction projects to have started construction around the world this year
Devaluation of Egyptian pound hits Orascom’s revenue
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The devaluation of the Egyptian pound has dented revenue at contractor Orascom, although this was partially offset by a strong performance in the US
6 of the biggest museum projects under construction around the world
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Here are 6 of the biggest museum projects under construction around the world.
Masterminding the construction Cairo’s $5.5bn monorail megaproject
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The challenges of financing, building and operating the world’s longest automated monorail network
Rising revenue in US offsets decline in Egypt for Orascom
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Construction group Orascom’s revenue fell more than 19% to US$3.4 billion in 2023 amid tough trading conditions in its home market of Egypt
China’s biggest construction company grew new contracts by 10.6% in 2023
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China State Construction (CSCEC) grew the value of its new construction contracts by 10.6% in 2023, as compared to the year before.
Egypt and UAE drive record order backlog for Orascom despite revenue slide
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Egypt-based construction company Orascom has seen its order backlog rise to a record US$7 billion, despite a decline in revenue which it blamed on the devaluation of the Egyptian pound.
Orascom wins major Cairo Metro and high-speed rail contracts
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Egyptian contractor Orascom Construction has won two new contracts with the National Authority for Tunnels to build new transport projects in the country.
Egis and Setec consult on $5bn Cairo Metro Line 6 studies
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French engineering consultancies Egis and Setec have signed a deal to develop the second phase of studies for a new metro line in Cairo, expected to cost around US$5 billion.
Contractors share €1.3 billion Alexandria metro system deal in Egypt
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Egyptian contractor Orascom Construction and Colas Rail have signed a €1.3 billion deal to build a new regional metro system in Alexandria, Egypt.
Orascom and Thales win €340m Egypt rail modernisation project
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Egyptian contractor Orascom Construction and French electrical systems specialist Thales have won a deal to modernise the Cairo-Beni Suef railway corridor in Egypt.
17 consortia prequalify to build desalination plants in Egypt
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A total of 17 construction consortia have pre-qualified to build 21 sea water desalination plants in Egypt.
Egypt plans to build ‘world’s longest’ artificial river
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The US$5.25 billion initiative, dubbed the ‘New Delta,’ will ensure access to sustainable water resources
Egypt green lights construction of third Russian nuclear reactor at El-Dabaa
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Egypt has granted a licence for the construction of a third nuclear reactor at the El-Dabaa power plant.
Why have Chinese construction firms become so influential in Africa?
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How have Chinese construction companies become so influential in Africa and what can their competitors do about it?
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