Progression to FID of the Neom project shows investor interest in sector
Middle East primed for more mega-projects
US also well placed as developers eye IRA support, but hesitancy has crept into European hydrogen sector after some early gains
The progression to FID of the $8.5bn Neom green hydrogen and ammonia project in Saudi Arabia demonstrates investor appetite for the sector, and more mega-projects are likely to materialise in the Middle East. Interest is also growing in North Africa as a production location as developers seek the perfect blend of wind and solar, says Andrew Doyle, Emea energy project finance specialist at Japanese bank MUFG, in an interview with Hydrogen Economist. Reaching FID on the Neom project was a significant breakthrough, but how has the broader hydrogen investment landscape evolved over the last 12 months? Andrew Doyle, Emea energy project finance
Also in this section
23 December 2025
Government backing and inflow of private capital point to breakthrough year for rising star of the country’s clean energy sector
19 December 2025
The hydrogen industry faces an important choice: coordinated co-evolution or patched-together piecemeal development. The way forward is integrated co-evolution, and freight corridors are a good example
10 December 2025
Project developer Meld Energy ready to accelerate 100MW project in Humber region after securing investment from energy transition arm of private equity firm Schroders Capital
9 December 2025
BP and Engie abandon large-scale green hydrogen projects in Gulf state as developers in all regions continue to struggle with lack of firm offtake
