Siemens Energy and the Oman Investment Authority have solidified their commitment to Oman’s energy transition by signing a Memorandum of Understanding (MOU) for an electrolyser manufacturing facility.
This strategic collaboration, following the conclusion of COP28, marks a significant step in realizing Oman’s Vision 2040 and elevating the nation’s position in the global clean hydrogen industry.
The agreement showcases Oman’s leadership in the global clean hydrogen sector, positioning itself as a key player in the transition to sustainable energy. Spearheading these agreements is Mohamed Thabet, the General Counsel of Siemens Energy Oman, whose legal expertise played a pivotal role in bringing these initiatives to fruition.
At the heart of this collaboration lies Oman Vision 2040, a strategic roadmap aimed at transforming the Sultanate into an industrial and trade hub. The vision encompasses reducing reliance on hydrocarbon exports, boosting non-oil contributions to GDP, and generating new employment opportunities. Aligned with 17 Sustainable Development Goals (SDGs), Vision 2040 prioritizes the development of people and the creation of a knowledge-based economy driven by Omani talents.
Siemens Energy has been an integral part of Oman’s journey since 1974, contributing significantly to the nation’s electrification, decarbonization, and industrial development. With cutting-edge technologies and a dedicated local team, Siemens Energy plays a pivotal role, accounting for 40% of power generation capacity and 35% of transmission in Oman.
In tandem with the MOU for the electrolyser manufacturing facility, a third MOU was signed between Hydrom and Asyad Group. This collaboration aims to propel Oman’s logistics sector by supporting innovative green hydrogen projects. The strategic partnership focuses on creating a robust domestic supply chain, expediting infrastructure development, and exceeding global standards for the seamless deployment of hydrogen solutions across industries.