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Orascom subsidiary to build largest student housing project in US - Daily News Egypt

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Orascom subsidiary to build largest student housing project in US

Project would cost Weitz, which is a subsidiary of Orascom, a total of $245m

Orascom Construction’s wholly owned US-based subsidiary firm, Weitz Company, has been selected to design and construct a new student housing project at Texas A&M University, worth $245m.

In a statement issued on Thursday, Orasom described the housing complex, which will cover 1.8m sqf of facilities, as the largest in the US. It will accommodate more than 3,400 students, and will include dining and fitness facilities, alongside an eight-story parking garage, as well as retail and office space.

“The Weitz Company is honoured to be selected as the design-builder on this very exciting project that will have a substantial impact on the footprint of the Texas A&M University campus,” said Len Martling, President and CEO of Weitz. Martling added that Weitz has a reputation for quality construction, as well as the ability to plan and execute multifaceted projects.

Osama Bishai, CEO of Orascom Construction, commented: “Weitz has increased its focus on larger contracts across its markets and the award of this project is testament to this strategy’s success.” He noted that they expect additional sizeable contracts in the future to “help drive Weitz’s consistent growth”.

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