Egypt and global economy brief
Egypt allocates Red Sea land to cut public debt as Madbouly reviews 2030 debt target
An RE brief based on a story published by Daily News Egypt on 11 November 2026.
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President Abdel Fattah Al-Sisi allocated state-owned land in the Red Sea governorate to the finance ministry to help reduce public debt and issue sovereign sukuk.
The decree covers about 26,690 feddans.
Prime Minister Mostafa Madbouly reviewed progress towards the government’s debt targets.