Company: Orascom Construction
Nasdaq Dubai- and Egyptian Stock Exchange-listed Orascom Construction employs approximately 53,000 people across more than 20 countries. As a global engineering and construction contractor, the firm primarily focuses on infrastructure, industrial and high-end commercial projects within the Middle East, North Africa, United States and the Pacific Rim.
In November 2014, Orascom signed a memorandum of understanding with Abu Dhabi’s state-owned International Petroleum Investment Corporation, which gave it an 18-month option over a 2,000-3,000MW clean-coal power plant project next to El Hamarawein Port on the Red Sea coast. The companies are now 50/50 JV partners, and are in the process of raising project finance for the project.