Basco's roots date back to 1983, when it was first founded as a local agency operating in the marine field. Through dedication and collaboration with major marine manufacturers and shipyards worldwide, Basco has become a major supplier of lightering vessels and ferryboats for the Suez Canal Authority in addition to floating docks for Lake Nasser.

From 1985 to 1989, Basco expanded the business in the marine field to cover Nile Cruiser supplies including pre-fabricated shower units, ceilings, insulated fire rated panels, propulsion units, food service equipment and laundry facilities. In addition, Basco launched the Ghamra factory as its first local production line for the fabrication of insulated fire rated panels, fire doors and ceilings. Due to distinguished performance and an excellent reputation, Basco has succeeded in the execution and completion of contracts for more than 100 Nile cruisers.