Orascom Construction PLC (DIFX:OC) acquired Equipment Distribution and Services Business in Egypt from Sawiris Family for $35 million.
December 05, 2021
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Orascom Construction PLC (DIFX:OC) acquired Equipment Distribution and Services Business in Egypt from Sawiris Family for $35 million on December 6, 2021. The deal is subject to Orascom Construction PLC (DIFX:OC) board approval. On December 6, 2021 , The board Orascom Construction approved to consider the potential acquisition of the leading equipment importation, distribution, and services company.
Orascom Construction PLC (DIFX:OC) completed the acquisition of Equipment Distribution and Services Business in Egypt from Sawiris Family on December 6, 2021.
Orascom Construction PLC, formerly Orascom Construction Ltd, is a United Arab Emirates-based engineering and construction contractor. The Company is primarily focused on infrastructure, industrial and high-end commercial projects in the United States, the Middle East, Africa and Central Asia for public and private clients. The Company operates under the following brands: Orascom, Contrack and The Weitz Company. The Companyâs projects cover civil buildings, heavy industries, manufacturing, petrochemicals, federal infrastructure, power generation, social infrastructure, transport, water and wastewater, design build, as well as operations and maintenance.
ORASCOM CONSTRUCTION PLC 
