Orascom Construction Industries (OCIC.CA) confirmed today that BESIX (50% owned by OCI) has been awarded in joint venture with VEOLIA Water, a BOOT contract (Build, Own, Operate and Transfer) to finance, construct and operate two new wastewater treatment plants for the city of Abu Dhabi and Al Ain in UAE. The contract has been signed with the Abu Dhabi Water and Electricity Authority (ADWEA) for a 25 years of which 2.5 years will be required for the construction of the Abu Dhabi and Al Ain plants. BESIX will participate (33%) in the operation and maintenance of the plants, for a period of 22.5 years. The consolidated contract value is EUR 525 million of which BESIX has a 50% share. The wastewater plant has a capacity of 300K m² and 130K m² for Abu Dhabi and Al Ain, respectively. (Company’s Press Release, 04/08/08) (Market Cap LE 81.6 billion, PE 45.1x, EPS LE 1.59)