Sector: Real Estate & Construction
Date of Establishment: 1950
Market Value: $665 million
Orascom Construction focuses on infrastructure, industrial, and high-end commercial projects in MENA, the U.S., and the Pacific Rim. In Q1 2021, the company added $660.4 million in new contracts, pushing its estimated consolidated backlog to $5.4 billion as of March 31, 2021. In 2020, the company secured an $800 million deal to develop the first phase of Cairo subway’s fourth line in partnership with the Mitsubishi Corporation. It also signed a $64 million contract with Emaar Misr to build the Vida Marina Hotel & Yacht Club in Marassi, Egypt.