UAE, Saudi Arabia to lead in green bonds issuance

UAE, Saudi Arabia to lead in green bonds issuance

K Raveendran The green, social, sustainable, and sustainable-linked bonds (GSSSB) market–including sustainable sukuk–in the Middle East (GSSSB) is set to expand further, with the UAE and Saudi Arabia likely to remain the leaders, Standard & Poor’s said in a report. The report is timing with the high-profile COP28 meeting in Dubai, which has seen a number of pathbreaking decisions by nations. GSSSB issuance in the Middle East […]

via UAE, Saudi Arabia to lead in green bonds issuanceK Raveendran

The green, social, sustainable, and sustainable-linked bonds (GSSSB) market–including sustainable sukuk–in the Middle East (GSSSB) is set to expand further, with the UAE and Saudi Arabia likely to remain the leaders, Standard & Poor’s said in a report.

The report is timing with the high-profile COP28 meeting in Dubai, which has seen a number of pathbreaking decisions by nations.

GSSSB issuance in the Middle East should continue to increase in the coming years, supported by government initiatives and the relative nascency of certain markets, S&P points out.

The UAE and Saudi Arabia will likely remain the leaders of the region’s GSSSB market, particularly through green bonds, which we expect will continue driving regional issuance over the next three to five years.

Gulf Cooperation Council (GCC) government-related entities