Egypt has signed a $200 million agreement with Qatar’s Al Mana Holding to build a sustainable aviation fuel (SAF) plant in the Suez Canal Economic Zone, the Egyptian Cabinet said.
The project will be developed in three phases on a 100,000-square-metre site in the Integrated Sokhna Zone at Ain Sokhna. The first phase is expected to produce 200,000 tonnes a year of SAF from used cooking oil.
Officials said the deal marks the first Qatari industrial investment in the Suez Canal Economic Zone and supports Egypt’s push to attract foreign investment and expand clean energy industries. Prime Minister Mostafa Madbouly described the project as a boost to bilateral economic ties and Egypt’s green transition.
Industry sources said Al Mana has secured a long-term offtake agreement with Shell, with commercial operations expected by late 2027.
