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|09 January, 2019

Orascom Construction may achieve $3.5bln consolidated revenue in 2018

The value of the Egypt-listed firm’s underway projects reached $4.5 billion, says company official

An Orascom construction worker poses at Egypt's new administrative capital, approximately 45 km (30 miles) north of the current capital Cairo, Egypt October 18, 2017. Picture taken October 18, 2017.

An Orascom construction worker poses at Egypt's new administrative capital, approximately 45 km (30 miles) north of the current capital Cairo, Egypt October 18, 2017. Picture taken October 18, 2017.

REUTERS/Amr Abdallah Dalsh

Cairo –  The consolidated revenue of Orascom Construction is expected to range between $3 billion and $3.5 billion in 2018, the company’s managing director Osama Bishai said.

The value of the Egypt-listed firm’s underway projects reached $4.5 billion, the top official added.

Bishai stressed that his company is focusing on the water purification projects in Egypt.

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The company’s unit in the US may see a profitable year following tax cuts announced by the federal government.

Source: Mubasher

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