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Logo of Saudi Arabia’s NEOM project
Saudi Arabia Developers Renewables
Valentina Dedi
13 June 2024
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Letter on hydrogen: Saudi lights torch as MENA trailblazes

NEOM helps encourage ambitious hydrogen strategies as region looks to decarbonise various sectors to help meet economic diversification targets

The scene is set and excitement permeates through the energy transition landscape. Major developments such as Saudi Arabia’s flagship 2.2GW green hydrogen project in NEOM, the first gigawatt-scale green hydrogen project to receive FID and begin construction, demonstrate how countries in the Middle East and North Africa (MENA) are vying to become global leaders in hydrogen development. Ambitious national hydrogen strategies have been announced by several countries in the region, driven by their wish to meet their economic diversification targets. This is aided by the abundance of renewable energy resources with the potential to power the production process. MENA has emerged as a leader in tod

Also in this section
Letter on hydrogen: Bankable business?
30 May 2025
Pressure is growing on developers to prove the bankability of their projects in a challenging market for green hydrogen
Egyptian green hydrogen in holding position
23 May 2025
Investors remain committed to development but are waiting on greater international market certainty
India bullish on green hydrogen potential
22 May 2025
The government has ambitions to scale up production and become a major exporter by the end of the decade
Spain tightens grip on EHB green subsidies
21 May 2025
Half of winning bidders are based in southern European country as €1b auction clears at lower-than-expected levels

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