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Egypt-based construction company Orascom saw its profitability improve but its order backlog slipped
Orascom Construction and Técnicas Reunidas have won a contract to build a large-scale 3GW combined cycle gas-fired power plant in Saudi Arabia
Egypt-based construction group Orascom issues update for Q3
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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
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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
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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.