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Egypt’s private sector to sell green bonds to fund eco-friendly projects

Published: Updated:

The Egyptian private sector plans to sell $120 million to $200 million in green bonds to fund eco-friendly projects, Planning Minister Hala al-Saeed said on her ministry’s Facebook page.

She did not specify a timescale for these issues, which will come on top of $750 million in green bonds the government has already sold to fund mainly clean transport projects.

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The government is looking actively to fund a series of megaprojects announced over the last few years, including a $60
billion new administrative capital city, a $23 billion highspeed rail network and a $25 billion nuclear power station.

Read more: Egypt PM Madbouly says aiming to boost private sector investments

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