Egypt - Orascom Construction PLC (ORAS) announced its backlog has witnessed the addition of $785 million new awards in the fourth quarter (Q4) of 2021, according to an emailed press release on January 17th.

This brings total new awards in 2021 to $3.5 billion, marking a 22% year-on-year (YoY) growth.

Projects in the Middle East accounted for 55% of new awards in Q4 2021, including transportation and power projects in Egypt as well as water projects in Egypt and Tunisia.

Meanwhile, projects in the US made up 45% of new awards in Q4 2021, mainly driven by the commercial sector.

Consolidated backlog has been estimated at $6.1 billion at the end of December 2021, marking a marginal increase over the record backlog achieved as of September 2021.

Orascom Construction PLC is a UAE-based engineering and construction contractor. It is a global engineering and construction contractor primarily focused on infrastructure, industrial, and high-end commercial projects in the Middle East, Africa, and the US.


Copyright © 2022 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.