Orascom Construction Industries

Forbes: Billionaire Sawiris’ net worth soars to $7.9 billion
Egypt

Forbes: Billionaire Sawiris’ net worth soars to $7.9 billion

Forbes updated Nassef Sawiris’ net worth to record US$7.9 billion after it witnessed a significant $1.5 billion rise over the…
Egypt’s Nassef Sawiris grants US$6 mn for Executive Education program in El Gouna
Egypt

Egypt’s Nassef Sawiris grants US$6 mn for Executive Education program in El Gouna

Egypt’s famed billionaire Nassef Sawiris along with the Sawiris Foundation gifted the University of Chicago Booth School of Business a…
Egypt restores Eliyahu Hanavi Synagogue in Alexandria
Egypt

Egypt restores Eliyahu Hanavi Synagogue in Alexandria

Egypt’s Ministry of Antiquities said on Thursday that preparations are underway to restore the Eliyahu Hanavi synagogue in Alexandria. Arab Contractors…
Egypt’s Orascom Construction wins $420 mn power plant contract
Business

Egypt’s Orascom Construction wins $420 mn power plant contract

Egypt's Orascom Construction has been awarded a $420 million contract to revamp two government-owned power stations, the company said on…
OCI, IPIC sign deal for Egyptian coal-powered plant
Business

OCI, IPIC sign deal for Egyptian coal-powered plant

Orascom Construction Industries (OCI) said Tuesday it had reached an agreement with the International Petroleum Investment Company (IPIC) for the…
Orascom donates retrieved tax payments to Long Live Egypt fund
Business

Orascom donates retrieved tax payments to Long Live Egypt fund

OCI NV, the parent company of Orascom Construction Industries, said its board unanimously agreed Thursday to transfer LE2.5 billion-- an…
Orascom Construction Industries acquitted of Tax Evasion
Business

Orascom Construction Industries acquitted of Tax Evasion

OCI NV announced today that the Egyptian Public Prosecutor has fully exonerated the Company’s Egyptian subsidiary, Orascom Construction Industries SAE…
The Return Of Egypt’s Elite
Business

The Return Of Egypt’s Elite

Those who were punished under Mohammed Morsy are getting their own back.The chief executive of Egypt’s biggest construction company, Orascom…
Egypt billionaire Sawiris family to invest “like never before”
Business

Egypt billionaire Sawiris family to invest “like never before”

Egyptian tycoon Naguib Sawiris, whose family controls the sprawling Orascom corporate empire, says he and his brothers will be "investing…
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