Mazghouny & Co acted as Egyptian local counsel to Vision Invest on its acquisition of a significant minority stake in a new sustainable aviation fuel (SAF) platform established to support the decarbonisation of the global aviation sector. Green Sky Capital and Al Mana are the other investors in the platform.

The mandate relates to the platform’s inaugural SAF project in Egypt. Shell has contracted to purchase 100% of the Egyptian project’s offtake, and Axens will provide technology solutions to the project, which is considered one of the largest planned SAF developments in the Middle East and Africa. The project is expected to play an important role in supporting regional and international airlines in meeting their emissions reduction commitments.

Working with Paul Hastings as international counsel to Vision Invest, the Mazghouny team was led by Managing Partner Donia El-Mazghouny, and included Senior Counsel Ahmed Mostafa, as well as Senior Associate Khadiga Abou-Zeid and Mid-Level Associate Yehia Zakaria.