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BESIX Group Awarded USD 740 million Contract in JV with Midmac Contracting Co. to Build the Doha Convention Center & Tower Project in Qatar

Orascom Construction Industries (OCI) confirmed today that BESIX Group has been awarded a USD 740 million contract to build the Doha Convention Center & Tower in Qatar in joint venture with Midmac
Contracting Co., BESIX Group’s share in the contract is USD 370 million.

The client is Qatari Diar Real Estate Investment Company. The project is planned to be completed by March 2011. BESIX Group’s scope of work entails all structural, architectural, mechanical, electrical and
plumbing works for the convention center and its two level basement. It also includes the structural works for the retail space and its three level-basement as well as all the foundation works for the 550
meter-high main tower.

The Doha Convention Center & Tower is planned to be a mixed use development which includes a hotel, offices, residential, convention/exhibition center and retail spaces. The development consists of a 550
meter high tower with an approximate built-up area of 220,000 m2, convention/exhibition center with a built up area of 97,500 m2 along with a retail space with a built-up area of 40,000 m2. Parking is
planned to be accommodated in a two level basement under the convention center with a built-up area of 135,000 m2 and a three-level basement under the retail spaces with a built-up area of 100,000 m2.

OCI is a 50% shareholder in BESIX Group. An OCI/BESIX joint venture is currently executing the substructure work on the Qatari Diar Nile Corniche Project in Cairo.

About BESIX Group

The BESIX Group is the largest Belgian group, operating in
construction, real estate and concessions. It profiles itself as a
multi-services group. The Group was founded in 1909, since when it has
grown steadily and impressively. nv BESIX sa, its biggest subsidiary,
is active in practically every field of construction. In addition to
the activities of BESIX and its other subsidiaries, Cobelba, Jacques
Delens, Socogetra, Vanhout, Wust, Van Britsom & Verheye and Lux TP in
Benelux-France, the Group is present in Eastern Europe, North and
Central Africa and the Middle East, via Six Construct, in Central Asia
and the Caribbean. In 2007, the Group achieved revenues of EUR 1.56
billion. BESIX Group employs about 20,000 people in 19 countries over
the world.

About OCI Construction Group

The OCI Construction Group ranks among the top global contractors and operates under three distinct and separate brands. The Group targets large industrial and infrastructure projects principally in Egypt, North Africa and select markets in the Arab Gulf markets. The BESIX Group undertakes major commercial, Industrial and infrastructure projects throughout Europe and the Middle East. Contrack International pursues institutional projects in the Middle East and Central Asia. To complement the construction business, OCI also owns and operates National Steel Fabrication Company, the Middle East’s largest manufacturer of fabricated steel products. OCI also has investments in manufacturers of glass curtain walling, paints and concrete pipes, and two facility management companies.


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