Egypt has coastlines on both the Mediterranean Sea and the Red Sea which have been providing the country with a wealth of marine resources, livelihoods, and food and minerals. However, due to several factors related to pollution, unsustainable practices and use of marine resources, etc. Egypt's marine and coastal ecosystems have been subjected to environmental degradation in recent years. Moreover, the potential climate change impacts will lead to further environmental damages and deterioration of Egypt's marine and coastal resources.  This, in turn, will represent a challenge for the country to ensure the sustainable use of its resources and ecosystems and in achieving the Sustainable Development Goals (SDGs) especially as pertain to the sustainable use of marine and coastal resources (i.e., SDG 14). This paper sets out to discuss Egypt's marine and coastal resources within the context of the country's aspirations to implement a blue economy approach as means of achieving the sustainable use of its marine and coastal resources to support livelihoods as well as continue to provide food and resources in a sustainable manner. The discussion on the blue economy will be presented by first providing a qualitative assessment of the marine and coastal ecosystem.  Then, a valuation assessment will attempt to provide estimates of the costs of damages and environmental degradation for marine and coastal ecosystems in Egypt in 2020.