Mota Engil SGPS S A : informs about the signing of contracts in Africa in an amount of circa of 945 million euros
August 29, 2023 at 09:53 am EDT
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MOTA-ENGIL INFORMS ABOUT THE SIGNING OF CONTRACTS IN AFRICA IN AN AMOUNT OF CIRCA OF 945 MILLION EUROS
MOTA-ENGIL S.G.P.S., S.A. (MOTA-ENGIL) informs that two of its subsidiaries for the African region signed new contracts for the provision of Industrial Engineering services in South Africa and Senegal in an amount of circa of 945 million euros.
The first of those contracts, signed with a subsidiary of Vedanta Zinc International, is associated with the extension of the scope of a project currently underway in South Africa, in a zinc mine, from 2.5 million tonnes a month to 5 million tonnes a month, which has been extended up to March 2030 and which amount increased by 450 million euros.
On the other hand, the second of those contracts, signed with a subsidiary of the Managem Group in Senegal, a conglomerate for which MOTA-ENGIL is providing services in other geographies, includes, among others, the installation, operation and maintenance of facilities, installations, infrastructures, systems and equipment's required to extract gold from a mine. The works are scheduled to start in September 2023, will last 76 months and will arise to circa of 495 million euros.
With these awards, MOTA-ENGIL continues to reinforce its order book in the Industrial Engineering services segment in Africa, to capitalize the reputation acquired with its current customers and boosting a strong and sustained growth of its turnover.
Porto, August 29, 2023
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Mota-Engil SGPS SA published this content on 29 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 August 2023 13:52:31 UTC.
Mota-Engil, SGPS, S.A. is a group organized around 6 sectors of activity:
- Engineering and Construction: Mota-Engil, SGPS, S.A. has developed construction projects in some fifty countries and is present on three continents (Europe, Africa and Latin America) where it has asserted its technical competence and reputation, excelling in the construction of various infrastructures such as roads, freeways, airports, ports, dams and railroads ;
- Industrial Engineering Services: the group has capitalized on its recognized presence and experience since 1998, with a proven ability to operate in numerous markets, reflected in medium-term contracts of between three and eight years;
- Environment: Mota-Engil, SGPS, S.A. began its activities in the environmental sector in Portugal in 1995, through the company SUMA in the urban waste management and collection segment, and added its skills to those of the company EGF, a leader in waste treatment and recovery. Internationally, Mota-Engil is increasingly developing its activities in this sector, in markets such as Angola, Mozambique, Cape Verde, Brazil, Oman and Côte d'Ivoire;
- Mota-Engil Capital: a business unit whose aim is to optimize value creation for the group through investment diversification, underpinned by integrated management of a range of assets and projects complementary to the Engineering, Construction and Environment segments.
- Mota-Engil Mext: unit responsible for differentiated areas such as Real Estate, Agroforestry Production and Energy. It also aims to strengthen investment in innovation and accelerate global transformation;
- Concessions: Mota-Engil, SGPS, S.A. operates, through Lineas and its subsidiaries, a network of some 2,500 km of roads and freeways, including the two bridges of the city of Lisbon. The business extends to international markets, mainly in Latin America.
MOTA-ENGIL, SGPS, S.A. 
