Browsing: Middle east

Barbara Beltrame, the Vice President of Confindustria for internationalization, signed a Memorandum of Understanding (MoU) with ACWA Power, a prominent global company in energy production, desalinated water, and green hydrogen. ACWA Power operates across the Middle East, Europe, Central Asia, and Africa, making this agreement a crucial step in advancing sustainable energy initiatives.

Oman’s Minister of Economy, Dr. Said Mohammed Al-Saqri, highlighted the flourishing economic cooperation between Oman and Saudi Arabia. Over the past two years, since the establishment of the Saudi-Omani Coordination Council and the opening of a direct land border, these Gulf nations have witnessed substantial progress in various sectors.

Hydrogen Egypt is eyeing expansion into the Saudi Arabian market. Engineer Khaled Naguib, Chairman of the Board of Directors of Hydrogen Egypt, revealed that the company views the Saudi market as exceptionally promising for hydrogen, particularly in the context of supplying clean energy to the growing Asian market.

In a region synonymous with fossil fuels, Oman is charting a new course towards a sustainable energy future by embracing “green” hydrogen. Leveraging its abundant renewable resources and expansive landscapes, Oman is poised to emerge as a major player in the hydrogen economy, transitioning from a fossil-fuel producing country to a global exporter of clean energy.