Project Details

Project Details

Maaden Misr – SCEZone, Egypt

This project is sponsored by Rasan’s Alliance with SEFT in pursuing the development of an Aluminum Smelter Complex on a 5 million m2 land in Ain Sokhna. The Authority of SCEZone is a major partner in the owning company Maaden Misr along with other local and international partners represented by very high profile reputed organizations. The development of Smelter Complex cost is expected to reach up to US$ 50 Billion which will include a 6-8 GW Power Plant. Rasan has structured the Project Financing through an Issuance of MTN where the Off Taker, which is a major European Pension Fund, has been secured conditional that the MTN is insured and rated with AA and managed by a first class bank. Under the intended Strategic Cooperation between Rasan and other service providers, Rasan will jointly arrange the needed funding. Rasan will be engaged in this project as an advisory role.