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Description
OC was established in Egypt in 1950 and owned by Onsi Sawiris. It owned and operated cement plants in Egypt, Algeria, Turkey, Pakistan, northern Iraq, North Korea and Spain, which had a combined annual production capacity of 21 million tonnes.
In December 2007, OC announced the divestment of its cement group, Orascom Building Materials Holding (OBMH), the holding company for its cement group assets, to the French Lafarge. In July 2011, Orascom Construction won a $450 million bid in Saudi Arabia
In July 2018, Orascom Construction partnered with Engie to build the largest windfarm in Egypt. In May 2019, the consortium Bombardier Inc., Orascom Construction and Arab Contractors won the contract to build two monorail lines in Cairo.