Egypt's Private Sector Prepares to Issue Green Bonds worth $200 Million

Hala El-Saed, Minister of Planning said that the private sector is preparing to sell green bonds worth between $120-$200 million.

This comes after Egypt's sold green bonds worth $750 million in 2020 to mobilize resources for green projects, especially in the field of clean transportation, according to CNBC Arabia.

The Egyptian government is actively working to finance a series of mega projects that it announced over the past years, including a new administrative capital with investments of $60 billion, a high-speed rail network at a cost of $23 billion and a nuclear power plant with investments of $25 billion.