Mota-Engil

Business and Financial Review • Aug 29, 2023

MOTA-ENGIL INFORMS ABOUT THE SIGNING OF CONTRACTS IN AFRICA IN AN AMOUNT OF CIRCA OF 945 MILLION EUROS

MOTA-ENGIL S.G.P.S., S.A. (MOTA-ENGIL) informs that two of its subsidiaries for the African region signed new contracts for the provision of Industrial Engineering services in South Africa and Senegal in an amount of circa of 945 million euros.

The first of those contracts, signed with a subsidiary of Vedanta Zinc International, is associated with the extension of the scope of a project currently underway in South Africa, in a zinc mine, from 2.5 million tonnes a month to 5 million tonnes a month, which has been extended up to March 2030 and which amount increased by 450 million euros.

On the other hand, the second of those contracts, signed with a subsidiary of the Managem Group in Senegal, a conglomerate for which MOTA-ENGIL is providing services in other geographies, includes, among others, the installation, operation and maintenance of facilities, installations, infrastructures, systems and equipment's required to extract gold from a mine. The works are scheduled to start in September 2023, will last 76 months and will arise to circa of 495 million euros.

With these awards, MOTA-ENGIL continues to reinforce its order book in the Industrial Engineering services segment in Africa, to capitalize the reputation acquired with its current customers and boosting a strong and sustained growth of its turnover.

Porto, August 29, 2023

THE REPRESENTATIVE FOR THE MARKET RELATIONS LUÍS SILVA