Orascom Construction is planning to restructure its US operations in order to reduce unnecessary costs, a senior company official told Daily News Egypt on Saturday.
We have plans to improve our costs, specifically our US operation. Restructuring our business, there is a main goal on which we are focusing in the current stage, the source, who preferred to remain anonymous on account of not being authorised to speak to media, added.
Orascom Construction owns two subsidiaries in the United States.
The Groups US subsidiaries, Weitz and Contrack Watts, signed new contracts during the first nine months (9M) of 2017, amounting to approximately $500m.
Both subsidiaries capitalised on improved activity in their respective markets during the third qu…
Read the full article at: https://dailynewsegypt.com/2017/12/02/orascom-construction-targets-restructuring-us-business-reduce-unnecessary-costs/