Middle East Economic Survey

VOL. LII

No 13

30-Mar-2009

EGYPT

Orascom Wins $258Mn Abu Qir Power Plant Contract, KFAED Signs Second Loan Agreement

Egypts Orascom Construction Industries was awarded a $258mn civil works contract by the state-owned West Delta Electricity Production Company to build the new 1.3gw thermal power plant at Abu Qir. The scope of the work includes piling, concrete works, stack and the procurement, fabrication and erection of steel structures, Orascom said. Just three days...