Regulatory Filings • Jul 2, 2013
Regulatory Filings
Open in ViewerOpens in native device viewer
Amsterdam, the Netherlands / 2 July, 2013 8:00 AM
OCI N.V. announced today that the OCI Construction Group, through its subsidiary Orascom Saudi Limited Company (OSL), has concluded negotiations for the award of infrastructure contracts worth a combined value of SAR 1.6 billion (US\$ 420 million).
The projects will be executed at several locations in Saudi Arabia, where the Construction Group is currently executing approximately US\$ 790 million worth of work, excluding these new contracts.
OCI Construction Group Chief Operating Officer, Osama Bishai, commented: "These contracts reflect the OCI Construction Group's on-going commitment to expand our Saudi Arabian operations. We are well positioned to continue to grow our Saudi Arabian backlog by capitalizing on our strong track record in executing large-scale infrastructure projects in Saudi Arabia."
OCI expects to formally sign the contracts in the coming weeks.
OCI N.V. is a global nitrogen-based fertilizer producer and engineering & construction contractor based in the Netherlands. The Fertilizer Group owns and operates nitrogen fertilizer plants in the Netherlands, the United States, Egypt and Algeria and has an international distribution platform spanning from the Americas to Asia. The Fertilizer Group ranks among the world's top fertilizer producers with a fertilizer production capacity of nearly 7 million metric tons. The Construction Group provides international engineering and construction services primarily on infrastructure, industrial and high-end commercial projects in the United States, Europe, the Middle East, North Africa and Central Asia for public and private clients. The Construction Group ranks among the world's top global contractors. OCI N.V. employs more than 75,000 people in 35 countries around the globe and is listed on the NYSE Euronext in Amsterdam.
Omar Darwazah Email: [email protected]
Erika Wakid Email: [email protected]
Hassan Badrawi Director
Tel: +202 2461 1036/0727/0917
Fax: +202 2461 9409
For additional information on OCI N.V.:
Mijnweg 1, 6167 AC Geleen, The Netherlands
OCI N.V. stock symbols: OCI / OCI.NA / OCI.AS / OCINY
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.