Egypt and global economy brief
Egypt allocates 26,690 feddans in Red Sea Governorate to help reduce public debt
An RE brief based on a story published by Forbes Middle East on 11 November 2026.
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Egypt allocated about 26,690 feddans of state land in Red Sea Governorate to the Finance Ministry to support public-debt reduction and sovereign sukuk issuance.
The country aims to lower public debt to about 69.5% of GDP by 2030.
Prime Minister Mostafa Madbouly called for coordinated efforts to accelerate debt reduction and ease debt-servicing costs.