Qatar's First Industrial Investment in Suez Canal Economic Zone for Sustainable Aviation Fuel

Cairo – EcoPulse24

The Egyptian government has signed a contract with Qatari Al-Manai Holding Company to implement a $200 million industrial project for the production of Sustainable Aviation Fuel (SAF) at the Integrated Sokhna Zone, part of the Suez Canal Economic Zone. This marks the first Qatari industrial investment in the area. The signing ceremony, attended by Egyptian Prime Minister Dr. Mostafa Madbouly, also included the establishment of 'SAF Fly Limited' to develop and operate the project.

Project details include an investment size of $200 million (approximately EGP 9.6 billion), located in the Integrated Sokhna Zone, covering 100,000 square meters. The production capacity is expected to reach 200,000 tons annually, with products including SAF, BioPropane, and Bio Naphtha, produced from the refining of used cooking oils.

The contract signing coincides with the Egyptian-Qatari Business Forum in Cairo, reflecting a significant improvement in economic relations and the push for increased joint investments. Additionally, Al-Manai Holding has signed a long-term supply contract with Shell to supply the entire production of SAF, starting in late 2027. The project is expected to support the shift to low-emission aviation fuel, enhance the Suez Canal Economic Zone's status as a regional industrial and logistics hub, and attract quality investments in the clean energy sector.