Cairo - Mubasher: Orascom Construction Plc, listed on the Egyptian Exchange (EGX) and Nasdaq Dubai, added $1.1 billion of new awards to its backlog in the second quarter (Q2) of 2021, recording a 52% year-on-year (YoY) increase. 

This brings the total value of new awards in the first half (H1) of the year to $1.8 billion, the company said in a statement to the EGX on Tuesday. 

Projects in Egypt accounted for 32% of new awards during the April-June period as the group added contracts across the water and industrial sectors. 

Meanwhile, new awards in the US made up 68% of total awards during Q2-21 thanks to sizable projects in the data centre sector. 

The estimated consolidated backlog amounted to $5.8 billion as of 30 June 2021. 

During Q1-21, Orascom Construction Plc posted $23.9 million in net profits attributable to shareholders, compared to $25 million in the year-ago period.