Orascom Construction Industries

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Orascom Construction
Public
Traded as LSEORSD
Industry Construction, Engineering
Founded 1950
Headquarters Cairo, Egypt
Key people
Onsi Sawiris, Chairman, Nassef Sawiris, CEO
Revenue Increase US$ 5.51 Billion (2011)[1]
Increase US$ 678 Million w/ cement operations (2011)[1]
Website www.orascomci.com

Orascom Construction Industries SAE (OCI) is a leading engineering, procurement, and construction (EPC) contractor and fertilizer producer based in Cairo, Egypt, and active in more than 25 countries. The company was Egypt's first multinational corporation, and is one of the core Orascom Group companies. OCI is one of the region’s largest corporations.

History[edit]

OCI was established in Egypt in 1950 and owned by Onsi Sawiris. OCI owned and operated cement plants in Egypt, Algeria, Turkey, Pakistan, northern Iraq, North Korea and Spain, which had a combined annual production capacity of 21 million tonnes.[citation needed] In December 2007, OCI announced the divestment of its cement group, Orascom Building Materials Holding (“OBMH”), the holding company for its cement group assets, to the French Lafarge.[2] The sale closed in January 2008.[3]

OCI's Construction Group ranks among the world’s top global contractors and undertakes large industrial, infrastructure and select commercial projects for public and private customers principally in Europe, the Middle East and North Africa.[4]

Night view of the Nile City Towers. Orascom Construction Industries headquarters is at the south tower (on the right). In-between the two towers lies the Fairmont Hotels and Resorts.

The Nile City Towers consist of a pair of 32-floors office buildings, two of the first intelligent buildings in Egypt, implementing the EIB/KNX Building Management System.[5]

See also[edit]

References[edit]

  1. ^ a b "Orascom Construction Industries S.A.E. Annual Report 2011" (PDF). orascomci.com. 
  2. ^ Hollinger, Peggy; England, Andrew (10 December 2007). "Lafarge buys Orascom Cement for €10bn". Financial Times. Retrieved 21 September 2015. 
  3. ^ OCI/Lafarge transaction completion Orascom Construction Industries, undated
  4. ^ "About Us". Orascom Construction Industries S.A.E. 
  5. ^ John Beniston, Jens Kommert ABB STOTZ-KONTAKT GmbH. "ABB i-bus® EIB / KNX References". knx-gebaeudesysteme.de. Archived from the original on 12 January 2008. 

External links[edit]