Orascom Construction

Stock performance

History

Orascom Construction traces its roots to a construction business founded by Onsi Sawiris, which grew over subsequent decades into one of the largest construction and engineering firms in the Middle East and Africa under continued family leadership, eventually becoming part of the broader Orascom Group of companies spanning construction, telecommunications, and other sectors built by the Sawiris family. The construction business was restructured and separately listed on both the Egyptian and later Nasdaq Dubai exchanges, reflecting its substantial regional and international project portfolio beyond just domestic Egyptian construction.

Business model

Orascom Construction undertakes large-scale infrastructure, industrial, and building-construction projects across Egypt, the broader Middle East, and Africa, including power plants, petrochemical facilities, roads, and major public and private buildings, typically working on large contracted projects for governments and major corporate clients. Its scale and technical track record allow it to compete for large, complex regional infrastructure tenders.

Market position

Orascom Construction is one of the largest construction and engineering companies in the Middle East and North Africa region, with a substantial project portfolio spanning Egypt and numerous other regional markets. It competes with other major regional and international construction and engineering firms for large government and industrial infrastructure contracts.

Country impact

Orascom Construction is one of the largest engineering and construction companies in Egypt, and the broader Sawiris family business empire it is part of has played a significant role in modern Egyptian business and, at various points, politics. It has been involved in numerous major Egyptian infrastructure projects, tying its fortunes closely to the country's public infrastructure-investment cycles.