Gov’t is looking for USD 10 bn from Qatar by the end of 2026

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;

• A Red Sea development widely believed to be in the pipeline could net as much as USD 4 bn.

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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