2020 CW Power 100: Orascom's Osama Bishai ranked seven
The Egyptian contractor added new contract awards worth $770m in Q4 2019 backlog and totalled $3.5bn in 2019
Jumping up three places from last year’s CW Power 100 list, Egyptian contractor heavyweight Orascom Construction has witnessed significant growth that makes them worthy of a higher place.
As chief executive officer, Bishai has played a major role in developing the Orascom construction business – particularly in the cement, infrastructure, and industrial sectors.
Over the past 12 months, Orascom Construction has added new contract awards worth $770m in its Q4 2019 backlog, as new awards totalled $3.5bn in 2019.
The contract awards grew by 50% year-on-year in 2019, which the contractor said highlighted its experience in adding “wide-ranging, well-funded projects” as it continued to maintain its selective criteria.
According to the contractor, 70% of the new contract awards in Q4 2019 were awarded for projects in Egypt. These contracts were awarded in various sectors such as infrastructure, healthcare, logistics, and roads.
The contractor is also involved alongside Belgian contracting group Besix for works of the 16.7ha Grand Egyptian Museum, with the last construction update stating that the project has reached 94.5% completion in December 2019.
To view the full 2020 Construction Week Power 100 ranking, then click here.