Orascom Construction Plc - Company Profile
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Orascom Construction Plc (Orascom Construction) is an engineering and construction contractor. It specializes in delivering infrastructure, industrial, and high-end commercial projects across the Middle East, Africa, and the US. The company’s major services include engineering, procurement, and construction (EPC) for complex projects. Orascom Construction is associated with brands such as The Weitz Company and Contrack Watts in the US, and Besix in Belgium. The company's services cater to a diverse range of industries, including power, water, transportation, and data centers. The company has presence in key markets across the Middle East, Africa, and the US. Orascom Construction is headquartered in Dubai, the UAE.
Headquarters
United Arab Emirates
Address
1501-2, Floor 15, Tamouh Tower, Al Reem Island, Abu Dhabi, Dubai
Website
orascom.com
Telephone
971 2 6905600
No of Employees
24,452
Industry
Construction
Ticker Symbol & Exchange
ORAS (CAI)
Revenue (2024)
$5.0B
55.1%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
65.1%
(2024 vs 2023)
Market Cap*
$3.0B
Net Profit Margin (2024)
XYZ
6.3%
(2024 vs 2023)
* As of and is in US$
Orascom Construction Plc premium industry data and analytics
Products and Services
| Services | Brands |
|---|---|
| Engineering | WEITZ |
| Concessions and Investment | BESIX |
| Construction | Contrack Watts |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Plans/Strategy | In September, the company announced its plans to merge with OCI Global. |
| 2025 | Corporate Changes/Expansions | In April, the company announced the commencement of commercial operations for 500 MW at its newly expanded 650 MW Build-Own-Operate wind farm in Ras Ghareb, Egypt. This development is a significant advancement in the company's strategy to enhance its renewable energy and concessions portfolios. |
| 2025 | Contracts/Agreements | In March, the company in a joint venture with Tecnicas Reunidas entered into an engineering, procurement and construction contract with Hajr Two Electricity Company to develop the Qurayyah IPP Expansion Project in Saudi Arabia. |
Competitor Comparison
| Key Parameters | Orascom Construction Plc | Kiewit Corp | NMDC Group PJSC | The Arab Contractors Osman Ahmed Osman & Co | Ludan Engineering Co Ltd |
|---|---|---|---|---|---|
| Headquarters | United Arab Emirates | United States of America | United Arab Emirates | Egypt | Israel |
| City | Abu Dhabi | Omaha | Abu Dhabi | Cairo | Petah Tikva |
| State/Province | Dubai | Nebraska | Abu Dhabi | Cairo | - |
| No. of Employees | 24,452 | 31,800 | - | 57,000 | 1,100 |
| Entity Type | Public | Private | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Osama Bishai | Chief Executive Officer; Director | Executive Board | 2015 | - |
| Reham El Beltagy | Chief Financial Officer | Senior Management | 2020 | - |
| Jeremy Marron | Chief Financial Officer | Senior Management | - | - |
| Maged Abadir | Chief Operating Officer | Senior Management | - | - |
| Shane Bauer | Chief Operating Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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