Latest in Tag: Orascom Highlight
Latest in Tag: Orascom
Orascom Investment achieves profit of EGP 265.4m in nine months
The company’s revenues also increased to EGP 59.24m, compared to EGP 17.5m.
Orascom-Toyota alliance begins establishment of wind farm in Ras Gharib
Orascom Construction owns a stake in the project and will carry out construction works in the wind farm.
Orascom Development invests EGP 97m in solar power plant in El-Gouna in cooperation With SolarizEgypt
The solar plant covers an area of 245,000 sqm with investments worth EGP 97m, producing 14 GWh annually.
Orascom Construction added new contracts worth $670m in 3Q 2022
The company explained that this brings the total value of new contracts during the first nine months of this year to $3.1bn.
A subsidiary of Orascom Construction signs agreement with Supply Ministry to implement a warehouse
The company explained that the agreement included the implementation of a strategic warehouse for basic commodities on a build-own-operate system in Fayoum.
Orascom details how deceased billionaire Onsi Sawiris’ legacy was divided
The contribution of the billionaire founder of Orascom Construction Industries turned into an indirect stake in Orascom Construction after a long journey of acquisitions, separation, company transfer, delisting, and re-listing through OS Private Trust in Orascom Construction PLC with 15 million shares at a total value of 12.87%, while the Sawiris family owns 51.8% of the company.
Orascom Development plans to open O West Club in 3Q 2023: CEO El-Hamamsy
Company launches The Nines project in El Gouna with real estate inventory of $60m
Metito-Orascom alliance aims to establish desalination plants in Libya, Iraq
Supply, operation study for floating station in Saudi Arabia has been completed: Medawar
Orascom Pyramids Entertainment Signs Sponsorship Agreement with Orange Egypt
To provide smart integrated communication solutions and services within the Giza Pyramids Plateau for one year
Orascom lays foundation stone for O West Club, with EGP 800m investments
Club membership costs EGP 180,000
Orascom to co-manage sound and light shows at Giza Pyramids
Contract term is 15 years, and Sound and Light Company gets 17% of contract’s revenues at minimum of EGP 36m
O West by Orascom Development launches 1st phase of HillSide Villas
O West, a fully integrated town by Orascom Development located in the heart of Sixth of October, has announced the launch of the first phase of the HillSide Villas project.
Orascom Construction sees strong pipeline of projects in services sector in 2021
Company reports $25.9m in bottom-line for Q4 of 2020
Orascom Development sees 32.3% increase in real estate sales in Q4 2020
Company announces it ended year on net sales of EGP 6.2bn
Orascom in negotiations to acquire stake in Ras Ghareb wind farm
Orascom targets more projects that have BOO scope
Orascom sells its share in New City Housing and Development for EGP 128.6m
The company said, in a statement to the Egyptian Exchange on Monday, that the divestment of these non-core assets comes in line with its strategy to optimise its portfolio, and it will enable ODE to further prioritise and reinforce efforts in core business areas.
Orascom Construction reports $5.4bn backlog, $34.8m net income in H1 2020
Group demonstrates resilience in Q2 of 2020, despite challenges of coronavirus, says CEO Bishai
OIH approves restructuring proposal to demerge into two separate companies
The demerger will take place according to the company’s book value, and in accordance with its financial statements for the financial year (FY) ending on 31 December 2019. It will result in the creation of two separate companies, one demerged and one demerging.,
El Gouna sales increase 22.1% in Q2 of 2020: Orascom
ODE noted that demand for El Gouna remained strong, recording a boost in its sales progress with a 22.1% increase in total contracted and reserved units during Q2 of 2020 compared to Q2 of 2019.
Ora Developers, Orascom, Banque Misr partner on ZED Sheikh Zayed construction
Construction to be completed in three years, first phase units to be delivered by 2023
Orascom Development signs cooperation agreements establishing two International Schools at O West with EGP 450m investmentÂ
The official opening will be in 2021/2022Â
O West sales reached EGP 3.5bn by end of September, construction begins this quarter: Beshara
The contracts for educational zone facilities, social and sports club, retail centres, the medical zone, the hotel area, and many other vital services are being finalised, and these services will be announced during 2020.
HDB’s mortgage portfolio amounts to EGP 6.6bn: vice chairperson
Bank ready to join CBE initiative to finance middle-income housing once it comes into effect: Sebaey
ODE net sales increase by 253.4% to EGP 4.2 bn, net profit records EGP 393.8 m in 1H 2019
Total contracted real estate sales of “O West” project reached EGP 2.8bn in 1H 2019, says Sara El Gawahergy
Toyota-Orascom-GDF alliance to complete Gulf of Suez wind farm by October
Renewable energy projects attract international companies to invest in Egypt, says El-Khayat
ODE sells stake in both Royal Azur, Club Azur Hotels, land plot in Makadi for EGP 408m
“Conclusion of sale is solid testament to our continuous delivery of our strategy”: ODE CEO Bichara
Orascom establishes $500m residential project in Senegal: Samih Sawiris
Naguib Sawiris calls for expanding investor base of Supreme Council for Investment
Commercial operation of Siemens power plants to begin next week
Siemens will add 1,200MW to the electricity grid from the Beni Suef power plant, and 800MW from New Administrative Capital and Borollos power plants
TBEA, Orascom win tender for Walideya power plant
Contracts estimated at EGP 94.86m for TBEA, EGP 1.25m for Orascom
Sawiris to inject new investments in Egypt during three months
Nasr met with Sawiris and promised to resolve problems of investors and improve the business environment