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Orascom Construction PLC (OC; Egyptian Arabic: اوراسكوم للإنشاء والصناعه) is an engineering, procurement and construction (EPC) contractor based in Cairo, Egypt. The company was Egypt's first multinational corporation and stands at the core of the Orascom Group companies. OC is active in more than 25 countries.
In 1997, Orascom Telecom Holding (OTH) was established as a separate entity to consolidate the telecommunications and technology interests of the Orascom group of companies established in 1976. [4] Founded in 1998 as part of the Orascom company, it became the largest cellular operator in the Middle East in only five years.
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Transworld Associates was incorporated as a private company in Pakistan in October 1980. It was a subsidiary of Orascom Investment Holdings (OIH) S.A.E. In January 2022, OIH divested its shareholding to Orastar Limited. As of September 2023, Orastar Limited holds 90% shareholding in the company with the remaining 10% owned by the OMZEST Group. [3]
Orascom Telecom Holding was established in 1997, and then Orascom Telecom Media and Technologies, in 2011, until the recent rebranding as Orascom Investment Holding S.A.E. (OIH), of which he is the Managing Director and CEO. [3] In August 2012, Sawiris was appointed chairman of La Mancha Holding. [5]
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Haram City is a major affordable housing project being developed in Egypt by Orascom Development in 6th of October City. Construction of the project began in May 2007, [1] and as of summer 2010 there are around 25,000 residents. By its scheduled completion in 2012, it will house 400,000 residents. [2]