Egypt has announced plans to issue green bonds and Islamic sukuk domestically, aiming to attract diverse investors and expand its financial instruments. Finance Minister Ahmed Kouchouk revealed that the government is preparing to float bonds valued between EGP 5 billion and EGP 10 billion in the local market during the fiscal year’s third and fourth quarters. These initiatives align with Egypt’s broader strategy to diversify financing sources and reduce debt costs.
The green bonds will fund eco-friendly projects, while sukuk—aligned with Islamic financial principles—are expected to appeal to both domestic and international investors. The government sees these instruments as key to enhancing its local debt market and creating sustainable economic opportunities. By increasing the variety of bonds available, Egypt hopes to improve investor confidence and participation in the country’s financial system.
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