GAT Completes the Valuation of 172 Wataniya Fuel Stations as Part of the Strategic Partnership Between NSPO and TAQA Arabia

GAT Completes the Valuation of 172 Wataniya Fuel Stations as Part of the Strategic Partnership Between NSPO and TAQA Arabia

Cairo, Egypt – June 2026

Global Appraisal Tech (GAT), one of Egypt's leading independent valuation and advisory firms, announced the successful completion of the valuation assignment for 172 fuel stations operating under the "Wataniya" brand, as part of the strategic partnership between the National Service Projects Organization (NSPO) and TAQA Arabia.

The valuation engagement formed a key component of the transaction that resulted in the transfer of the stations to the newly established Quick Fuel for Petroleum Products Trading and Distribution Company, supporting ongoing efforts to enhance private sector participation and unlock value from strategic state-owned assets.

The assignment was undertaken within a multidisciplinary advisory framework involving CI Capital as the investor, Baker Tilly as Financial Advisor, and Global Appraisal Tech (GAT) as the Independent Valuation Advisor.

GAT was entrusted with conducting a comprehensive valuation of the portfolio, covering fuel station buildings, site improvements, operational facilities, fixed equipment, machinery, and associated infrastructure. The scope of work also included assessing the fair value of the long-term usufruct rights associated with the underlying land assets, which remain under state ownership and are granted through usufruct agreements extending for 49 years.

Given the geographical scale and distribution of the portfolio across multiple governorates, a representative sampling methodology was developed and implemented to support the valuation process, enabling the assessment of assets under a consistent, transparent, and technically robust valuation framework.

The scope of work included:

• Valuation of 172 fuel station assets and associated facilities.

• Assessment of buildings, structures, improvements, machinery, equipment, and operational infrastructure.

• Evaluation of 49-year usufruct rights related to the underlying land parcels.

• Analysis of market conditions, comparable benchmarks, and relevant valuation indicators.

• Development of a unified valuation methodology and reporting framework covering all locations and governorates.

The project represents one of the most significant valuation assignments undertaken within Egypt's fuel retail sector in recent years. The successful completion of the engagement required extensive coordination, technical expertise, and a comprehensive analytical framework capable of addressing a geographically diversified portfolio of assets.

Through detailed technical reviews, market analysis, field inspections, asset assessments, and valuation studies, GAT delivered an independent and reliable valuation framework that supported the transaction process and stakeholder decision-making. The assignment further demonstrates the critical role of professional valuation services in supporting large-scale strategic transactions, enhancing transparency, facilitating investment, and contributing to the effective management and optimization of national assets.

The transaction marks an important milestone in Egypt's ongoing efforts to promote private sector participation, attract investment, and maximize the value of strategic assets, reinforcing the importance of independent valuation and advisory services in supporting major economic transformation initiatives.

About Global Appraisal Tech (GAT)

Global Appraisal Tech (GAT) is a leading valuation and advisory firm providing real estate valuation, machinery and equipment valuation, business valuation, financial advisory, technical due diligence, and asset consulting services across Egypt and the wider region. The firm serves government entities, financial institutions, investors, and corporate clients across a broad range of sectors through a team of highly qualified professionals and internationally recognized valuation methodologies.