OCI Wins EGP 532 Construction Contract At Hurghada International Airport

Orascom Construction Industries (OCI) (OCIC.CA) announced Wednesday that it has been awarded a EGP 532 million (US$ 87 million) contract to construct a new airfield at the Hurghada International Airport.

Awarded by the Egyptian Airports Company (EAC), the project’s scope includes the construction of a complete airfield composed of a four kilometer long runway, a four kilometer long taxiway, connecting taxiways, and all airfield lighting, power supply, and storm water drainage systems. The project is scheduled for completion in 26 months.

OCI has completed more than US$ 440 million worth of airport-related infrastructure over the last decade, including US$ 200 million worth of military airports furnished by an OCI/Contrack joint venture in Egypt. OCI is currently constructing US$ 270 million worth of infrastructure work at the King Abdulaziz International Airport near Jeddah, Saudi Arabia. The BESIX Group is also constructing Phase III of the New Doha International Airport (NDIA) Passenger Terminal Complex in Qatar for US$ 750 million.