Egypt’s Orascom Construction posts 17.7% surge in underway projects in H1

Egypt’s Orascom Construction reported on Wednesday a 17.7 percent growth in its underway projects during the first half of this year, recording $5.4 billion.

The company made revenues estimated at $1.6 billion during the first half of the current year from $1.5 billion during the same period in 2019, marking an 8.2 percent increase.

Meanwhile, first-half profits before taxes dropped 30.3 percent to $99.3 million.