Browsing: Middle east

The Minister of Foreign Affairs mentioned in his speech some general contours of the restructuring process, the need for significant investments in renewable energy throughout the transition.

The Kingdom actually demonstrates that “green hydrogen” constitutes the next major development in the world of energy in light of its radical advantages, so it is obvious that Europe will tend to promote stronger sustainable energy relations and alliance with the Kingdom in the world’s green energy transformations.

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.

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.