The Madbouly government thinks it can net as much as USD 10 bn in inbound investment from Qatar’s private sector and government through the end of 2026, a senior government official tells EnterpriseAM.

By the numbers: The figure includes some USD 2.0-2.5 bn from Qatari companies in sectors including manufacturing, ports and logistics, and hospitality, the source added.

But entities affiliated with Qatar’s government are on track to cut the biggest checks, including:

  • Alam El Rum: Officials in Cairo are working to set the Mediterranean coastal development on the right track. It’s expected to bring in USD 3.5 bn in immediate cashflow as part of a larger, USD 29.7 bn investment envelope;

Next in the Qatar queue: Green Sky Capital, which will build a USD 200 mn plant with a nameplate capacity of 200k tons of sustainable aviation fuel (SAF), renewable diesel (HVO), and industrial bio-products. Green Sky is a unit of Al Mana Group, a high-profile Qatari conglomerate. Shell Aviation has inked a long-term agreement to purchase the full production of the project, which will carry the brand name SAFFly Egypt. A Shell statement said production at the plant should start by 2027.

By the numbers: SAF has an environmental footprint up to 80% lower than traditional aviation fuel. SAFFly Egypt could create as many as 700 direct and indirect jobs, Hebatalla Hozayen, the company’s general manager, said.

SAFFly could plug into a new government-backed collection system for used cooking oil, the feedstock for SAF. The Madbouly government has been working to formalize the supply chain for used cooking oil, having recently launched a collection system that targets 500k tons by 2030 and 730k tons by 2035.

Competition for spent French-fry oil? The state’s own planned USD 530 mn SAF complex in Alexandria — which is being developed with technology licensing from Honeywell — also needs cooking oil as feedstock.

The wildcard…

Qatar’s investment mix here could still include the former National Democratic Party (NDP) headquarters in downtown Cairo. A Qatari-Egyptian consortium is a finalist for the rights to redevelop the prime Nile-side land, we have previously reported.

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