Wednesday, March 10, 2010

Orascom: The Egyptian Conglomerate's Expansion Strategies

The Orascom Group is Egypt's largest and most diversified conglomerate. Founded by Onsi Sawiris in 1950, it is now managed by his three sons Naguib, Samih and Nassef, each handling a different business.

There are four different departments that are run. The four are Telecom, Construction Industries, Hotels & Development and Technology Systems.

Telecom is a leading international telecommunications company operating GSM networks in high growth markets in the Middle East, Africa and Asia. It operates GSM networks in Algeria, Pakistan, Egypt, Tunisia, Bangladesh, and North Korea.

Construction Industries is a leading cement producer and construction contractor active in emerging markets. As a cement producer, OCI owns and operates cement plants in Egypt and Algeria which have a combined annual production capacity approaching 13.5 million tons. As a contractor, OCI provides engineering, procurement and construction services on industrial, commercial and infrastructure projects for public and private customers.

Hotels & Development is one of the primary designer, developer, contractor and marketing force. They lead the highly successful El Gouna (Red Sea, Egypt), Taba Heights (Sinai, Egypt), Tala Bay (Aqaba, Jordan) and The Cove (Ras El Khaimah, UAE) projects.

With Technology systems it is one of the leading IT and communications solutions providers and system integrators in Egypt.

The Orascom Group continues to build with all the things they do. This group will continue to grow and its name will be bigger and bigger.

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