ORASCOM Construction (OC) recently signed contracts worth $300 million, securing new work in Egypt and Saudi Arabia, according to the company.

“In Egypt, OC has been awarded several new commercial packages to support real estate developers, including Emaar Misr and Palm Hills Development,” the company said in a statement.

“The company has secured infrastructure contracts in several municipalities throughout the country,” it added.

Parent company OCI signed contracts to work in the UAE, Qatar and the US, also this year. OC chief operating officer Osama Bishai said: “Our wholly owned brands have enjoyed a strong start in 2014, securing new work in several core markets with a total contract value exceeding $600 million.”

The company is confident in OC’s ability to outperform initial forecasts, he said.

OCI owns 50 per cent of Besix Group, a company which has also been awarded new contracts totalling $670 million in the UAE, Saudi Arabia and Qatar.

Besix Group will conduct infrastructure work on four new bridges connecting various islands in Abu Dhabi, UAE, a new expressway in Qatar and a new Kempinski Hotel in Jeddah, Saudi Arabia.