OCI Joint Venture To Bid On Nuclear Power Stations

orascomOrascom Construction Industries (OCI) ? One of Egypt’s largest builders has formed joint ventures with government-owned Arab Contractors to bid on Mid Eastern nuclear power projects.

The companies said that in February they would bid on Egypt’s first nuclear power plant, which is to be located on the Mediterranean in Dabaa.

The JV companies intend to join the growing interest in nuclear power projects in the Middle East. OCI had already partnered with U.S. bank Morgan Stanley to invest in such infrastructure projects.