Egypt: Orascom subsidiary wins $245m USA deal

The total value of the design and build housing project at Texas A&M University is worth $245m

Orascom's subsidiary has been handed a design and build contract at Texas A&M University. [Representational Image]
Orascom's subsidiary has been handed a design and build contract at Texas A&M University. [Representational Image]

Orascom Construction announced that The Weitz Company, its wholly-owned subsidiary, has been selected to design and build a new student housing project at Texas A&M University in College Station, Texas.

The contract value is worth $245m. 

"The new student housing complex, which will be the largest in the United States, will accommodate 3,402 students and cover 16.7ha (1.8 million sqf) of facilities including dining, fitness, and recreation," Orascom said in a statement.

The company is dual listed on the Cairo and Dubai exchanges, global newswire Reuters reported. 

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