Type Public CEO Nassef Sawiris (1998–) Founder Onsi Sawiris Parent organization OCI | Traded as LSE: ORSD Headquarters Cairo, Egypt Founded 1950 | |
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Industry Construction, Engineering Key people Onsi Sawiris, Chairman, Nassef Sawiris, CEO Revenue US$ 5.51 Billion (2011) Net income US$ 678 Million w/ cement operations (2011) Subsidiaries BESIX, DSM Agro B.V. | ||
Orascom Construction Industries SAE (OCI) is a leading engineering, procurement, and construction (EPC) contractor and fertilizer producer based in Cairo, Egypt, and active in more than 25 countries. The company was Egypt's first multinational corporation, and is one of the core Orascom Group companies. OCI is one of the region’s largest corporations.
Contents
Orascom construction industries
History
OCI was established in Egypt in 1950 and owned by Onsi Sawiris. OCI owned and operated cement plants in Egypt, Algeria, Turkey, Pakistan, northern Iraq, North Korea and Spain, which had a combined annual production capacity of 21 million tonnes. In December 2007, OCI announced the divestment of its cement group, Orascom Building Materials Holding (“OBMH”), the holding company for its cement group assets, to the French Lafarge. The sale closed in January 2008.
OCI's Construction Group ranks among the world’s top global contractors and undertakes large industrial, infrastructure and select commercial projects for public and private customers principally in Europe, the Middle East and North Africa.
The Nile City Towers consist of a pair of 32-floors office buildings, two of the first intelligent buildings in Egypt, implementing the EIB/KNX Building Management System.