Egypt’s Cabinet has approved a special free zone for Fujairah Alamein Oil and Gas Company LLC to store and trade crude oil and petroleum products in New Alamein City. Cabinet Resolution No. 65 of 2026 covers the project.
The 737,914.9-square-meter zone will sit south of the Alexandria-Matrouh Coastal Road in Matrouh Governorate.
The zone’s northern boundary will run 1,069.80 meters along the Alexandria-Matrouh Coastal Road. Its southern boundary will stretch 745.50 meters along the M15 Road, which is 49.20 meters wide and currently under construction.
The eastern boundary will extend 912.20 meters alongside vacant land, while the western boundary will cover 823.40 meters next to the expansion area of El Hamra Port.
Under the resolution, the company must export at least 100% of its annual production and ensure that local inputs make up at least 50% of its products.
The company must also provide an approved title deed for the project site and obtain approval from the Egyptian Environmental Affairs Agency (EEAA). It must meet all industrial security, civil defense, and fire safety requirements under Egyptian regulations and any applicable decisions issued by the Minister of Industry.
The company must secure the free zone and its boundaries at its own expense by installing guard towers and surveillance cameras.
The General Authority for Investment and Free Zones (GAFI) will supervise the zone, monitor its operations, and check that the company meets all relevant requirements and procedures.
Prime Minister Mostafa Madbouly issued the resolution on August 18, 2026, after the Cabinet approved the project based on a proposal from the Minister of Investment and Foreign Trade. The resolution follows Investment Law No. 72 of 2017 and its executive regulations and will be published in the Official Gazette.
source: www.zawya.com
African Energy Council