EconomyPlusME has acquired Orascom Construction PLC for an undisclosed amount, marking a significant consolidation in the global engineering and construction sector. Orascom Construction PLC is a leading global engineering and construction contractor, primarily focused on infrastructure, industrial, and high-end commercial projects across the Middle East, Africa, and the United States. The company also develops and invests in concessions, holds a 50% stake in BESIX Group, and maintains a portfolio of building materials, facility management, and equipment services. Orascom Construction has consistently ranked among the world’s top contractors and is dual listed on the Abu Dhabi Securities Exchange (ADX) and the Egyptian Exchange (EGX).
This acquisition is strategically driven by EconomyPlusME's objective to expand its footprint and capabilities within critical economic development sectors. By integrating Orascom Construction's extensive operational expertise, established market presence, and diverse project portfolio, EconomyPlusME gains immediate scale and a robust platform in the vital infrastructure and construction industry. Orascom's proven track record in delivering complex projects and its strategic investments in related services align directly with long-term growth and value creation goals.
The synergy between the two entities is expected to enhance their collective ability to capitalize on growing global demand for infrastructure and industrial development. EconomyPlusME will leverage Orascom Construction's deep industry knowledge and global reach, while Orascom Construction stands to benefit from the strategic direction and potential resources provided by EconomyPlusME. This combination is anticipated to strengthen project pipelines, optimize operational efficiencies, and broaden service offerings across key markets.
The combined entity is now positioned as a more formidable player in the international construction landscape, poised to pursue larger and more complex projects. This strategic move aims to create a more integrated and resilient enterprise, capable of delivering comprehensive solutions and driving sustainable growth in the evolving global economy.