Egypt’s Orascom reports 25.2% growth in nine-month underway projects

Egypt’s Orascom Construction announced on Thursday a 25.2 percent growth in its underway projects to record $5.2 billion pounds during the first nine months of the current year.

BESIX, a global multi-service group offering engineering in Belgium, added 50 percent share to Orascom’s projects, a move increased the works’ value to 7.7 billion pounds at the end of last September.

During the January-September 2019 period, Orascom’s profits registered $100.3 million against $119.3 million during the same period in 2018.

Revenues rose to $2.28 billion during the first nine months of this year from $2.23 billion pounds during the same period last year.