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Tue September 29 2020

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OCI and Besix land $810m Egyptian contract

21 Dec 11 A 50/50 joint venture of Orascom Construction Industries (OCI) and Besix Group has been selected for the US$810m (£520m) third phase of the Egyptian Grand Museum.

The joint venture has been awarded the project on a turnkey basis and the final contract signature is expected within a matter of days.

The museum will be located on the Cairo-Alexandria highway overlooking the Grand Pyramids. It is 65% funded by the Japan International Cooperation Agency (JICA). Client for the scheme is the Supreme Council of Antiquities (SCA), which is responsible for the conservation, protection and regulation of all antiquities and archaeological excavations in Egypt.

A joint venture between Hill International and EHAF Consulting Engineers will provide project management services during the design and construction of the project.

The Grand Museum will showcase approximately 100,000 ancient Egyptian artifacts in the main exhibition hall and will also include a conference and learning center to educate visitors on ancient Egyptian history. 

The project is expected to be complete by July 2015.

OCI Construction group managing director Osama Bishai said: “The Construction Group is proud to be part of one of Egypt’s future landmark projects. The Egyptian Grand Museum will be the first iconic building in Egypt’s modern history and will create approximately 5,000 jobs during the course of its construction. It will also be a great addition to Egypt’s tourism industry.”

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