> ## Content Index
> Fetch the complete content index at: https://www.theglobalbanker.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# S&P Global Projects Middle East Sustainable Bond Issuance to Reach $20–25 Billion in 2026
- URL: https://www.theglobalbanker.com/sp-global-projects-gcc-sustainable-bond-issuance-20-25-billion-2026/
- Published: 2026-02-17T11:28:00.000Z
- Updated: 2026-10-02T14:23:22.000Z
- Description: S&P Global forecasts Middle East sustainable bond issuance of $20–25 billion in 2026, after Saudi Arabia and the UAE drove 80% of the region's 2025 supply.
- Author: TGB Editorial Team
- Tags: ESG, MENA, #archive

S&P Global has projected that sustainable bond issuance across the Middle East will reach between USD 20 billion and USD 25 billion in 2026\. The forecast was contained in a report published in February 2026.

Middle East sustainable bond issuance grew by about 3% in 2025, compared with a 21% decline recorded across the global sustainable bond market over the same period. Saudi Arabia and the UAE together accounted for 80% of the region's sustainable bond supply in 2025\. 

#### SUSTAINABLE SUKUK

Sustainable sukuk issuance in the Middle East reached a record USD 11.4 billion in 2025, up from USD 7.9 billion in 2024\. Sustainable sukuk now accounts for more than 45% of the region's total sustainable bond activity. 

#### OUTLOOK

S&P's projection of USD 20 billion to USD 25 billion for the full year 2026 implies issuance broadly in line with 2025 levels. S&P analyst Rawan Oueidat said green projects will continue to dominate the bond market in the region, while sustainability and sustainability-linked instruments should remain more favourable in the loans market.