Egypt-UAE JV wins $180m Fujairah International Airport expansion deal
Orascom Construction, which owns a 60% share in its joint venture with Al Sahraa Group, will carry out main infrastructure works for the airport's expansion
A joint venture (JV) comprising Orascom Construction has been awarded a $180m (AED661m) contract for the Fujairah International Airport expansion programme.
Orascom holds a 60% share in the JV, which also comprises the UAE's Al Sahraa Group.
The project’s scope comprises main infrastructure works for the airport's expansion, including the extension of the existing runway, and the development of an air traffic control tower, an emergency runway, rapid exit taxiways, and special airport systems.
In a press statement, Orascom said that the project reiterates its "strategy to pursue quality projects outside of Egypt, in sectors across the group’s core competencies".
Construction Week has contacted Orascom for additional contract details.
Orascom's aviation portfolio includes military and civilian airports in Egypt, the King Abdulaziz International Airport in Saudi Arabia, and the Al Dhafra Air Base in the UAE.
Last month, Orascom announced it had added $650m as new awards to its backlog in the last quarter of 2017.
According to the part owner of Besix Group, projects in Egypt accounted for the largest share of its increased backlog, worth approximately $580m and spread across a range of sectors, including renewable energy, marine, and commercial buildings.
The group’s subsidiaries in the US also added new projects amounting to approximately $70m. These projects were mainly in the private sector, Orascom revealed.
Commenting on these details, Osama Bishai, chief executive officer of Orascom Construction, said: "We are maintaining our policy of securing quality projects, in which we have a competitive edge, and are pleased with the continued momentum across our bidding pipeline.
"We are also particularly proud of our recent investment in the 250 MW build-own-operate wind farm, as it underscores our strategy to pursue infrastructure investments that create new construction opportunities and long-term value for shareholders."