Over the last 50 years, we have grown from a small family run construction business into one of Egypt’s largest corporations with projects and investments across Europe, the Middle East and North Africa. We directly employ more than 86,000 people. Working together with our employees, business partners, clients and customers, we are helping to build the future in developing countries around the world.
Our construction group ranks among the world’s top global contractors and operates under three distinct and separate brands. Orascom Construction targets large industrial and infrastructure projects principally in the Middle East and North Africa. The BESIX Group undertakes major commercial, industrial and infrastructure projects throughout Europe, northern and central Africa and the Middle East. Contrack International pursues institutional projects in the Middle East and Central Asia.
To complement our construction businesses, we also have investments in manufacturers of fabricated steel products, glass curtain walling, paints and concrete pipes, as well as investments in two facilities management companies.
As part of our long-term strategy to deliver exceptional value and create a sustainable flow of construction opportunities, we also have investments in natural gas industries such as fertilizer producers and in infrastructure concessions. In 2008 our fertilizer group acquired the Egyptian Fertilizers Company and a share of Notore Chemical Industries in Nigeria. In 2009 we increased our stake in Egypt Basic Industries Corporation to 60%. The plant commissioned in May 2009 and achieved its first full quarter of ammonia production in the fourth quarter of that year. We are currently developing Sorfert Algerie, a 2 million ton per annum nitrogen complex in Algeria. These operations alone will rank us among the region’s largest fertilizer producers. We are actively looking for new investment opportunities to grow this business into a global leader.
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