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Desco Angola Lda.

Sector: Commercial • Location: Angola

Source: Multilateral Investment Guarentee Agency (MIGA)

Project
Not Active

MIGA is providing a $1 million guarantee to Desco A.B., a Swedish construction company. The guarantee covers an equity investment in Desco Angola Lda. against the risks of war and civil disturbance, as well as expropriation. The project entails the construction, ownership, and management of an office building in the Miramar district, located in central Luanda, where there is a significant shortag

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Project Information

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The project “Desco Angola Lda.” is an infrastructure initiative in the Commercial sector, located in Angola. Taiyo aggregates data on it from Multilateral Investment Guarentee Agency (MIGA).

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Participants

Sponsoring Agency

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Status

Original status

not active

Taiyo status

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Taiyo last update

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Email

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Description

Description

MIGA is providing a $1 million guarantee to Desco A.B., a Swedish construction company. The guarantee covers an equity investment in Desco Angola Lda. against the risks of war and civil disturbance, as well as expropriation. The project entails the construction, ownership, and management of an office building in the Miramar district, located in central Luanda, where there is a significant shortage of quality office space. This is the agency's fourth guarantee for a project in this IDA-eligible country. This SME will employ approximately 40 local people during the construction phase and will contribute to raising the overall construction standards in Luanda. Other externalities include the development of related businesses associated with maintenance and repairs. The building is expected to generate more than $200,000 in tax revenues for the government of Angola during the first five years of operation. Approximately 80 percent of all goods and services will be procured locally.

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Original Currency

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Original budget

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Procurement method

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Source

Source reliability

High

Data quality score

100%

Source

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URL

obfuscated_data,obfuscateddata.com

More Details

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Article Published Date

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