Saudi Arabia accounted for 66% of the total sustainable bond issuances in the MENA region during the first half of 2025, amounting to $6.25 billion. This surge is attributed to the country's Vision 2030 initiative, which emphasizes infrastructure spending and sustainable development. The overall sustainable bond market in MENA reached $9.47 billion, slightly down from the previous year, primarily due to a slowdown in issuances from Egypt and Qatar. The largest issuance was from the Saudi government, highlighting the country's commitment to sustainable finance.

The majority of the sustainable debt issued in the region were Islamic instruments, reflecting the growing prominence of Saudi Arabia and the UAE as global Islamic finance hubs. The increase in sustainable bond issuances, particularly green sukuk, indicates a shift towards more environmentally responsible investment strategies. This trend is expected to continue as transparency in reporting improves, with innovations like green digital bonds on the horizon.