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OCI receives letter of intent from Sorouh Real Estate

Egypt's Orascom Construction Industries ("OCI") announced that it has received a letter of intent from Sorouh Real Estate, Abu Dhabi's leading real estate company, for the award of a contract valued at US$ 41 million for the execution of infrastructure and landscaping works on the new Saraya Development real estate project in Abu Dhabi.

The contract is part of an initial phase of awards on this new US$ 1 billion mixed use real estate development project encompassing the construction of 30 towers with views of the Gulf.



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