Transportation
Egypt, Qatar's Al Mana Holding sign $200 million sustainable aviation fuel deal
Egypt's Cabinet announced on Sunday that it had signed a deal with Qatar's Al Mana Holding to invest $200 million in the first phase of a project to produce sustainable aviation fuel from used cooking oils at Ain Sokhna's Economic Zone along the Suez Canal. The project, which will span 100,000 sqm in the Integrated Sokhna Zone along Egypt's Red Sea coast, will be developed over three phases. In a press release, the cabinet stated that the first phase would have an annual production capacity of approximately 200,000 tons. Egypt claimed that the deal marks the first Qatari investment in...