Orascom Construction project backlog passes $9bn

Orascom Construction, which trades on the Egyptian and Abu Dhabi stock exchanges, said its backlog increased by a fifth to more than $9 billion by the end of December 31, 2025.

The consolidated backlog is a forward-looking revenue indicator representing future work across the company’s portfolio in the Middle East, Africa and the US. 

Consolidated new awards tripled year on year to close to $2 billion in the fourth quarter of 2025 and 87 percent annually to $5.6 billion in 2025, the company, owned by Egyptian billionaire Nassef Sawiris, said in a statement to the Abu Dhabi Securities Exchange (ADX).

Annual revenues for the fourth quarter and 2025 increased 74 percent and 54 percent to $1.6 billion and $5 billion, respectively. Revenue growth was driven by progress on all major projects in Egypt, the UAE, Saudi Arabia and the US.

Net profit attributable to shareholders doubled to $62 million in the fourth quarter and increased by 65 percent to $195 million in 2025. 

Further reading:

• Dutch court blocks vote on contested OCI-Orascom deal
• Orascom wins $2.6bn contract for Saudi power plant
• Orascom Construction’s US revenue softens Mena decline

Total assets rose 30 percent year on year to $5.2 billion, while shareholders’ equity increased 41 percent annually to $873.2 million.

In September, Orascom Construction said it was considering a merger with OCI Global, a Dutch-based chemical and fertiliser company.

The company’s shares closed 0.3 percent higher at AED35 on ADX, nearly 5 percent up in the year to date.