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Técnicas Reunidas, S.A.

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2025-03-272025-03-271111100
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Orascom Construction to Cut Egypt Projects and Focus on International Expansion

Orascom Construction plans to reduce its projects in Egypt to a third by 2026, focusing on international expansion, particularly in the UAE and Saudi Arabia. CEO Osama Bishai emphasized the company's preference for foreign-funded projects and noted improvements in dues collection from government entities, despite ongoing local challenges. The firm is already engaged in significant projects abroad, including power plant expansions in Saudi Arabia and seawater treatment facilities in the UAE.
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United States Dollar Saudi Riyal United Arab Emirates Dirham Orascom Construction PLC Técnicas Reunidas, S.A. SAU ARE EGY Osama Bishai Naguib Sawiris Show more
Business & Industry, News Article
10:41 27.03.2025
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