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  • Saudi Arabia’s ACWA expects NEOM hydrogen plant financing in Q3

    Procurement for and construction of the green hydrogen plant are underway and it is expected to be operational in the first quarter of 2026, Padmanathan said.

  • US general for Middle East says Iran is region’s most destabilising force

    Speaking exclusively to The National in Abu Dhabi, US Central Command (Centcom) head Gen Michael Kurilla said he had travelled to the region less than 45 days after taking over the force on a listening tour to hear from America’s strategic partners what they see as the greatest threats. His first visit took him to Egypt, the UAE and Saudi Arabia and he explained that conversations repeatedly came back to the threat posed by Iran’s nuclear enrichment, ballistic missile development and use of proxy militias across the region.

  • Saudi Arabia’s ACWA expects NEOM hydrogen plant financing in Q3

    Saudi Arabia's utility developer ACWA Power (2082.SE), partly owned by the sovereign Public Investment Fund, expects to close financing for a multi-billion dollar green hydrogen plant in the third quarter, its chief executive said on Thursday. The kingdom, one of the world's top oil exporters, wants to become the biggest supplier of green hydrogen, aiming to produce around 4 million tonnes by 2030 as part of Crown Prince Mohammed bin Salman's drive to diversify the economy.

  • Saudi King Salman leaves hospital -state news agency

    Saudi Arabia's King Salman bin Abdulaziz left King Faisal Specialist Hospital on Sunday, after taking some time to rest on doctors' advice following a colonoscopy last week, state news agency SPA said, citing the royal court.

  • Green Hydrogen Market Growth, Challenges, Opportunities and Emerging Trends By 2028

    Green hydrogen market will reach an estimated valuation of USD 2,720.68 million by 2028, while registering this growth at a rate of 14.50% for the forecast period of 2021 to 2028

  • CEO appointed to accelerate work on NEOM green hydrogen facilities

    NEOM Green Hydrogen Company’s board announced on Sunday the appointment of David Edmondson as Chief Executive Officer of the company, one of the recently launched companies that are accelerating the impressive progress already made by the giga-project in the northwest of Saudi Arabia. NGHC is a joint venture between NEOM, ACWA Power and Air Products to build a world-scale, green-hydrogen-based ammonia production facility powered by renewable energy. NGHC will establish the green hydrogen facility, which will be the first of several similar plants expected to make it a hub for green hydrogen production going onstream in 2026. NEOM will use the green hydrogen it produces to fuel clean, autonomous electric vehicles, among other solutions.

  • Commentary: Is the Saudi–Turkish normalization a genuine reset—or more of the same?

    The dominant geopolitical and geostrategic parameters of the Saudi-Turkish relationship as well as the lack of a complex economic interdependency suggest that it is too early to celebrate the reconciliation—let alone envisage the trajectory of relations over the coming years.

  • Saudi Arabia’s Red Sea Project seeks to embody ‘regenerative tourism’

    Alongside rehabilitating coral reefs and planting forests in the desert, the Red Sea Development Company is carving out a utopian tourism enclave on a Saudi Arabian archipelago that will be home to 50 luxury hotels by 2030

  • Saudi Arabia in prime position for green, blue hydrogen production: KAPSARC study

    At current domestic gas prices and considering the average auction price of the renewable energy projects awarded in 2020, the cost of producing blue and green hydrogen is estimated to be at $1.34/kg and $2.16/kg, respectively.

  • Saudi Arabia’s Wealth Fund PIF Weighs Stake in Thyssenkrupp’s Hydrogen Unit

    Saudi Arabia’s Public Investment Fund is considering buying a stake in Thyssenkrupp AG’s hydrogen unit as the oil-rich kingdom pivots to greener forms of energy production, people familiar with the matter said. The sovereign wealth fund is in the early stages of studying a potential investment in the engineering conglomerate’s Nucera business, the people said, asking not to be identified discussing confidential information.