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December 21, 2011

OCI wins third phase of Egyptian Grand Museum contract

Orascom Construction Industries (OCI) in collaboration with BESIX Group has secured a $810m contract from the Supreme Council of Antiquities (SCA) for the third phase of the work on the Egyptian Grand Museum.

Orascom Construction Industries (OCI) in collaboration with BESIX Group has secured a $810m contract from the Supreme Council of Antiquities (SCA) for the third phase of the work on the Egyptian Grand Museum.

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

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."

The museum will be located on the Cairo-Alexandria highway overlooking the Grand Pyramids.

The Grand Museum will showcase about 100,000 ancient Egyptian artifacts in its main exhibition hall, which will incorporate a conference and learning centre to educate visitors on Ancient Egyptian history.

The museum will have an advanced security and communication system to ensure the safety of the artifacts and a sophisticated technological system to maximise visitors’ viewing pleasure.

The project is expected to be completed by July 2015 and will be 65% funded by the Japan International Cooperation Agency (JICA).

Egypt’s Supreme Council of Antiquities will oversee the project during construction.

OCI recently signed a contract with Burooj Properties to develop the $93m Village Gardens Katameya project in Egypt.

Village Gardens Katameya, which is located close to the American University in east Cairo, is a residential community consisting of modern standalone villas, townhouses and apartments, intermingled with open green spaces and landscaped gardens.

The project also includes a clubhouse offering various sports and leisure facilities, and a shopping strip.

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