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Oct. 16 (Bloomberg) -- Orascom Construction Industries, Egypt’s biggest publicly traded builder, headed for the highest close in almost three weeks after one of its units won a contract to build a shopping mall in Abu Dhabi.
The shares of the Cairo-based company climbed 2.5 percent to 226.98 Egyptian pounds at 11:22 a.m. in Cairo, poised for the highest close since Sept. 26. The benchmark EGX 30 Index gained 1.2 percent.
Six Construct, the fully owned subsidiary of Orascom’s Belgian unit Besix Group, won a 416 million euro ($577 million) contract from Aldar Properties PJSC to develop a shopping mall on Yas Island.
--Editors: Shaji Mathew, Claudia Maedler
To contact the reporter on this story: Ahmed A Namatalla in Cairo at firstname.lastname@example.org
To contact the editor responsible for this story: Claudia Maedler at email@example.com