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Heckett MultiServ Bahna S.A.E.

Sector: Manufacturing (Industrial) • Location: Egypt, Arab Republic of

Source: Multilateral Investment Guarentee Agency (MIGA)

Project
Not Active

MIGA issued a guarantee contract to Heckett MultiServ Investment Corporation of the United States for its investment in Heckett MultiServ Bahna, S.A.E., a steel slag processing plant near Alexandria. MIGA's guarantee for $2.24 million covers Heckett's investment against the risk of war and civil disturbance. The plant will recover metal from slag produced by the national steel company, and the re

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The project “Heckett MultiServ Bahna S.A.E.” is an infrastructure initiative in the Manufacturing (Industrial) sector, located in Egypt, Arab Republic of. Taiyo aggregates data on it from Multilateral Investment Guarentee Agency (MIGA).

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Participants

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not active

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Description

Description

MIGA issued a guarantee contract to Heckett MultiServ Investment Corporation of the United States for its investment in Heckett MultiServ Bahna, S.A.E., a steel slag processing plant near Alexandria. MIGA's guarantee for $2.24 million covers Heckett's investment against the risk of war and civil disturbance. The plant will recover metal from slag produced by the national steel company, and the reclaimed metal will replace costly metal imports. Other products, such as steel slag aggregates, will be sold for road construction and asphalt paving projects in Egypt. The plant will recruit and train local staff and will purchase most equipment, spare parts, fuel, and construction materials from local suppliers.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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