The first phase of the UAE’s national hydrogen strategy, which consists of ten pillars, has been completed, according to Sharif Al Olama, undersecretary of the ministry of energy and infrastructure for energy and petroleum affairs.
Browsing: Middle east
The Suez Canal Economic Zone (SCZone), which will receive investments totaling more than $1 billion, is the subject of a new investment initiative being looked into by the Qatar Investment Authority.
The facility will be a component of Neom, a city that was created from the ground up in the northwest desert with the goal of creating a new paradigm for sustainable living.
Saudi Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz stressed the need of bolstering oil market stability.
The Svevind Group from Dresden and the government of Kazakhstan have reached an investment agreement for one of the biggest green hydrogen manufacturing projects ever.
Oman will be qualified for land concessions lasting 47 years as well as other benefits.
The green hydrogen project at the SCZone received investments totaling $10 billion over a period of seven to ten years.
The integrated green hydrogen and ammonia complex, which is estimated to be worth $7 billion, is being built by ACWA.
GCC nations are ideally positioned to participate in the upcoming blue and green hydrogen markets.
Lee Chang-yang, the minister of industry for South Korea, and Khalid al-Faleh, the minister of investments for Saudi Arabia, talked…
