URS, Weitz Joint Company Awarded MEI Works Contract for OCI’s Iowa Fertilizer

Orascom E&C USA Inc. (OEC USA), OCI N.V’s wholly owned engineering and construction subsidiary based in the United States, announced today that it has awarded RW Constructors LLC a subcontract to execute Mechanical, Electrical, and Instrumentation (MEI) erection works at the Iowa Fertilizer Company (Iowa Fertilizer).

RW Constructors is a 50/50 special purpose company formed between Rust Constructors Inc., a URS Corporation subsidiary, and The Weitz Company, a wholly owned subsidiary of OCI N.V., to execute the MEI erection works for the ammonia, urea, ammonium nitrate, nitric acid, and urea ammonium nitrate Inside Battery Limit plants at Iowa Fertilizer.

Robert W. Zaist, President of Energy & Construction for URS Corporation, stated, “URS and OCI have an outstanding record of cooperation and project delivery, and we are pleased to bring the combined experience and resources of our two companies together to deliver Iowa Fertilizer and other major industrial projects to clients in the North American market.”

Osama Bishai, OCI Construction Group (OCIC) Chief Operating Officer, commented: “This is the last major construction subcontract to be awarded at Iowa Fertilizer, and we are on track to complete construction works in the summer of 2015. Having worked extensively with URS in the Middle East on 16 projects valued at nearly US$ 720 million over more than 20 years, we are proud to capitalize on our long-standing legacy of successful partnerships with URS. We are confident that RW Constructors LLC is the start of a strategic alliance similar to our experience in the Middle East, with the joint company currently pursuing other construction opportunities in the United States’ industrial and petrochemical construction markets.”

The MEI erection works are scheduled to begin in the third quarter of 2013.