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  • Neom Green Hydrogen Energy Company closes $8.4bn in investment deals for plant

    Saudi Arabia's Neom Green Hydrogen Company has signed deals worth $8.4 billion with financial institutions for the plant it is building at Oxagon in the kingdom's $500 billion futuristic city Neom. The equal joint venture between Acwa Power, Air Products and Neom is billed as the world’s largest green hydrogen production facility. It will integrate up to 4 gigawatts of solar and wind energy to produce up to 600 tonnes per day of carbon-free hydrogen by the end of 2026 in the form of green ammonia. The project is being financed with $6.1 billion non-recourse financing from 23 local, regional and international banks and investment companies, Neom said on Monday.

  • Alstom plans to trial hydrogen train in Saudi Arabia this year – top official

    Salama underlined that Alstom's hydrogen train is a "proven technology" with commercial services underway in Germany (since 2018). He also disclosed that commercial operations would begin soon in Italy, France and Denmark. The Alstom executive highlighted the expected increase in hydrogen availability in the region as more projects are launched. "There is a green hydrogen project underway in the UAE and another in NEOM. Oman and Qatar are also exploring hydrogen projects, so it will likely be available in most countries very soon," he said.

  • Alstom plans to trial hydrogen train in Saudi Arabia this year – top official

    Alstom, the France-based global rail transportation giant, is planning to introduce its hydrogen train to Saudi Arabia this year, according to a senior company official. Alstom's GCC Managing Director Tamer Salama told Zawya Projects that the company is in talks to bring its hydrogen train to the Kingdom before the year's end.

  • Saudi science and engineering team arrives home after winning 27 awards at Regeneron contest in US

    The Saudi science and engineering team arrived back in the Kingdom on Sunday after winning 27 awards, including 23 major and four special prizes, at the Regeneron International Science and Engineering Fair. More than 1,800 people from more than 70 countries participated in the ISEF event, which was held from May 13-19 in the US. Saudi Arabia was represented by the King Abdulaziz and His Companions Foundation for Giftedness and Creativity, and the Ministry of Education.

  • IHG to open 12 ‘ Next Generation’ Holiday Inn Express hotels across Saudi Arabia under MDA with Tashyid for Hotel Operations

    IHG® Hotels & Resorts, one of the world’s leading hotel companies with more than 6,000 hotels, across 18 distinct brands, has signed a Master Development Agreement (MDA) with Tashyid for Hotel Operations, which will see the development of 12 hotels and 2,500 keys under the Holiday Inn Express brand across the Kingdom of Saudi Arabia. . With Ministry of Tourism encouraging such investments in the Kingdom, the signing took place in the presence Mr. Mahmoud Abdulhadi, Deputy Minister for Destination Enablement.

  • US Ambassador to Saudi Arabia meets with GCC Secretary General

    The meeting included a discussion of several topics, most notably the arrangements related to the joint GCC-US meetings that are held within the framework of the strategic partnership between the Cooperation Council and the United States of America, and a discussion of the priorities of the meetings of the specialised working groups, and the means to develop and enhance cooperation between them in all fields, in addition to following up on the latest developments on regional issues, as well as topics of common interest.

  • Analysis: There won’t be a Saudi Arabia of the green hydrogen age

    Some 400 million metric tons of hydrogen a year (not necessarily green) will be moved over long distances by 2050, according to the Hydrogen Council, which represents the nascent industry. Countries rich in cheap renewables, such as Australia, Brazil and Chile, hope to become H2 hubs every bit as pivotal to the global economy as the Persian Gulf is in our current hydrocarbon era. Even Saudi Arabia is working on a $8.5 billion green hydrogen plant.

  • Saudi Arabia, Netherlands Sign MoU to Cooperate in Developing Green Hydrogen

    Green hydrogen is expected to play a crucial role in catalyzing the ongoing energy transition, and it is necessary to achieve a green gas-neutral economy by 2050, helping to combat global warming. The cooperation between Saudi Arabia and the Netherlands in developing green hydrogen is a significant step towards achieving this goal.

  • The Gulf governments need to openly discuss the risks of artificial intelligence

    The Gulf countries’ rapid ascent up the income ladder during the last century would not have been possible had they insisted on in-sourcing every step. Importing foreign technologies, organizational philosophies, art, legal systems, and so on is an intelligent alternative to reinventing the wheel because of the time and resource savings. However, the floodgates should not be completely open, and homegrown capacity must be built for two reasons.

  • Blue Hydrogen’s Future In Saudi Arabia Hits Snag

    According to Aramco’s top executive, blue hydrogen could cost the equivalent of around $250 a barrel of oil if produced with existing technology. “It’s a lot of capital and you need customers. So we will not sanction a project without securing an off-take agreement,” Nasser added.