OCI N.V. announced today that the OCI Construction Group has been awarded several contracts in Egypt valued at a total of EGP 1.5 billion. These contracts, part of which will be paid in foreign currency, cover a number of sectors such as power, healthcare and transportation, and were awarded by both private and public sector clients. Among the new awards are Phase II of Dar El Fouad hospital and a 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 significant size during this challenging transitional period in Egypt, and yet we remain selective in the projects that we pursue in order to minimize counterparty risk. Our ability to maintain human resources and mobilize effectively once sizeable projects are secured makes us the contractor of choice for many of our clients. OCI is excited to build on its integral role in driving business activity and employment in Egypt, and we 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 Fertilizer Group owns and operates nitrogen fertilizer plants in the Netherlands, the United States, Egypt and Algeria and has an international distribution platform spanning from the Americas to Asia. The Fertilizer Group ranks among the world's top fertilizer producers with a fertilizer production capacity of nearly 7 million metric tons. The Construction Group provides international engineering and construction services primarily on infrastructure, industrial and high-end commercial projects in the United States, Europe, the Middle East, North Africa and Central Asia for public and private clients. The Construction Group ranks among the world's top global contractors. OCI N.V. employs more than 75,000 people in 35 countries around the globe and is listed on the NYSE Euronext in Amsterdam.
For additional information contact:
Investor Relations Department:
Omar Darwazah
Email: odarwazah@orascomci.co.uk
Erika Wakid
Email: ewakid@orascomci.co.uk
Hassan Badrawi
Director
Tel: +202 2461 1036/0727/0917
Fax: +202 2461 9409
For additional information on OCI N.V.:
www.ocinv.nl
Mijnweg 1,
6167 AC Geleen,
The Netherlands
OCI N.V. stock symbols: OCI / OCI.NA / OCI.AS / OCINY
© Press Release 2013
