United Arab Emiratesorascom.com
Its roles Owner EPC
Orascom Construction PLC is an international engineering and construction group that delivers EPC services for large-scale infrastructure, industrial, and commercial projects across the Middle East, Africa, and the United States. Its scope includes power generation, water and wastewater treatment, transportation networks, and complex industrial facilities such as petrochemical, refinery, and fertilizer plants.
The company also participates in concession-based infrastructure and provides operations and maintenance services. Orascom Construction holds a strategic stake in BESIX Group and operates through subsidiaries in key markets, enabling project delivery from design and procurement through construction, commissioning, and handover. Its clients span public and private sectors, with a strong track record in energy-intensive and process industry projects relevant to the chemical value chain.
Also known as OC, اوراسكوم للإنشاء والصناعه, OCI S.A.E., and Orascom Construction Industries SAE.
chemXplore tracks 1 project involving Orascom Construction, of which one is active.
Platform will match Mediterranean renewable and clean‑tech projects with financiers, tackle permitting and grid barriers, and aims to mobilise €25bn and upskill 10,000 workers by 2035.
Net profit USD 1m; sold ammonia distribution and monetized Methanex; OCI Nitrogen impaired and facing margin pressure; held‑for‑sale net cash USD 1.05bn; NNS offer and Orascom deal progressing.
Board (excluding Nassef and Nadia Sawiris) backs NNS cash offer and court-appointed directors agree to convene an EGM to approve the Orascom transaction, conditional on NNS declaring and settling the offer.
They stress independence under an Enterprise Court mandate, aim to finalise assessment by end-June 2026, and have not authorised an EGM to approve the proposed transaction.
NNS plans a voluntary all‑cash offer at EUR 4.10 cum dividend per share; OCI board (excluding court‑appointed members) backs a cash option tied to the Orascom combination.
Geopolitical tensions raise gas costs, impacting nitrogen production. OCI divests assets, plans merger with Orascom. Court halts shareholder vote pending inquiry. Revenue and EBITDA decline.
The merger creates a scalable infrastructure platform with three strategic pillars, enhancing growth and diversification, led by Nassef Sawiris as Non-Executive Chair.
OCI sells ammonia business, plans merger with Orascom, and reports financials. Beaumont project nears completion; strategic review yields $11.6B, with $7B distributed to shareholders.
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