Riyadh – Sharikat Mubasher: Orascom Construction is accelerating its expansion in Saudi Arabia and the UAE as part of a strategic shift toward international markets.
Osama Bishai, the company’s CEO revealed that the company is increasingly prioritizing projects with foreign currency funding or backed by international entities to ensure financial stability and mitigate risks tied to inflation and price fluctuations, as reported by Bloomberg.
In Saudi Arabia, Orascom recently secured a $2.6 billion contract in partnership with Spain’s Técnicas Reunidas to expand the Qurayyah power plant. This major deal underscores the company’s commitment to tapping into the Kingdom’s booming infrastructure sector.
Meanwhile, in the UAE, Orascom is part of a consortium developing a sustainable seawater treatment project, reinforcing its focus on environmentally conscious infrastructure solutions.
By strengthening its presence in these key Gulf markets, Orascom aims to drive growth through high-value projects that align with regional development goals.
