Cairo - Mubasher: Qatar National Bank (QNB) has participated in a financing project to develop the Middle East’s largest single sustainable aviation fuel (SAF) production facility in Egypt, according to a press release.

This project will enhance the region’s role in advancing global energy transition priorities, reinforce regional energy security, and boost sustainable fuel value chains.

Strategically positioned along the Suez Canal, the facility’s annual production capacity is expected to reach 200,000 tons of biofuel, contributing to a yearly reduction of up to 500,000 tons of carbon dioxide equivalent.

Meanwhile, the commercial phase is expected to commence by the end of 2027.

The CEO of QNB Group, Abdulla Mubarak Al Khalifa, said: “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.”

Al Khalifa indicated: “Financing innovative, technology-led solutions is a core part of our group strategy. SAF is central to the decarburization of global aviation, and this project positions the region at the forefront of a strategically important growth sector.”

QNB Egypt recently penned a medium-term financing agreement worth EGP 5.50 billion with MARAKEZ to support the expansion of the 268-acre District 5 project in East Cairo.

The EGX-listed lender entered this year with strong financial performance, registering consolidated net profits after tax worth EGP 9.52 billion at the end of March 2026.