Dubai’s ENOC group has acquired a share in the jet fuel hydrant system at Terminal 2 of Cairo International airport, expanding its aviation operations in Egypt, it announced on Tuesday.
The hydrant system at Cairo airport fuels 18 aircrafts at Terminal 2 and has been operational since 2017. It has seen investments from Egyptian and multinational players from the energy sectors.
ENOC also plans to open an office for its aviation operations and jet fuel marketing in Egypt, it said in a statement.
The announcements follow a recent agreement with the Egyptian General Petroleum Corporation (EGPC) to enable the supply of jet fuel at all key airports across the country.
Saif Humaid Al Falasi, group CEO of ENOC, said: “Our strong track-record in jet fuel operations will enable us to provide the highest standards of jet fuel operations, EHS and business performance, which will enable the country’s aviation infrastructure.”
Terminal 2 is one of three terminals at Cairo International Airport – the country’s largest airport and Africa’s second largest.
The terminal recently underwent extensive renovation and refurbishment works to accommodate the increase in passenger traffic. New construction and major upgrades on the airside included the aprons, taxiways, connecting roads and a fuel hydrant system.
“With an expected 5.8 per cent GDP growth for 2019 and a commitment to diversify markets and products, Egypt offers strong fundamentals for international investors,” said Al Falasi.
“As the country chairs the African Union next year, the Egyptian government continues its efforts to attract more foreign direct investments to the country, thus becoming an important gateway to the continent. We hope that our recent plans will elevate the country’s critical infrastructure.”
ENOC currently supplies over three million US gallons of jet fuel daily.
Internationally, the group operates in 152 airports across 25 countries in the Middle East, Africa, South East Asia and Europe. It also operates in Egypt through its subsidiary, Dragon Oil, which owns the East Zeit Bay offshore concession.