Economy and Finance
Egypt to announce major new sovereign investment deal in Ras Shukheir on the Red Sea
Egypt is set to announce a significant investment project in Ras Shukheir, backed by a Gulf sovereign wealth fund and financed through innovative sovereign bonds. Unlike asset sales, these bonds securitise future revenues to reduce public debt. The project will focus on renewable energy, green hydrogen, tourism, and industry, positioning Ras Shukheir as a regional investment hub. However, experts warn that this strategy merely shifts, rather than erases, the country’s debt burden.
Read more