Orascom strategic warehouse

ORASCOM Construction, a Cairo-based construction firm led by Egypt’s richest family, has signed an agreement with the Internal Trade Development Authority (ITDA) to build, own and operate a strategic warehouse in Fayoum Governorate, Egypt. The agreement with ITDA exemplifies Orascom Construction’s strategy of pursuing investments that provide construction opportunities, as well as long-term recurring income. It expands on the group’s existing investments and operations and maintenance contracts in renewable energy, water treatment, wastewater treatment, transportation, and facility management. — Billionaires-Africa.