QNB Egypt joins financing group for Green Sky Capital’s Egypt SAF Facility

QNB S.A.E, the Egyptian subsidiary of the Qatar National Bank Group, joins the lender group backing a sustainable aviation fuel facility in Egypt.

The project, led by Green Sky Capital, is expected to produce up to 200,000 tonnes of biofuel, including SAF, annually, with commercial operations scheduled by the end of 2027.

“Supporting the development of Green Sky Capital’s SAF facility reflects QNB’s commitment to backing projects that deliver both economic value and long-term sustainability outcomes across the region,” commented Abdulla Mubarak Al-Khalifa, CEO, QNB Group. “Financing innovative, technology-led solutions is a core part of our Group strategy. SAF is central to the decarbonisation of global aviation, and this project positions the region at the forefront of a strategically important growth sector.”

Situated on the Suez Canal, the facility aims to strengthen north-east Africa’s energy security and its position within the SAF value chain.  According to IATA, the project is estimated to add over 10% to global SAF production.

In December 2025, Shell announced a long-term SAF offtake agreement with Green Sky Capital to purchase the green molecules produced at the site.