Hydrogen ambitions require massive investment

30 November 2022
Some 50 green hydrogen projects planned in the Middle East and North Africa require an investment of at least $165bn. If successfully implemented, stakeholders expect to export the bulk of output to net-zero economies in Asia and Europe

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Thanks to investment in renewable energy sources that capitalise on the region’s ubiquitous sunshine, and plans to invest further in new technologies such as hydrogen, the Gulf has positioned itself as a clean energy provider for the future.

The UAE alone is aiming for a 25 per cent market share of the global $400bn hydrogen export market by 2050.

Massive investment is required if these ambitions are to be realised. As of 16 November, close to 50 green hydrogen projects requiring an estimated investment of at least $155bn are being planned in the Middle East and North Africa region.

These projects create opportunities for investors, consultants and contractors, and put the Middle East at the forefront of the development of new technology. Read the full comment here

Click here to enjoy the December 2022 edition of MEED Business Review.

MEED's December 2022 cover story package includes:

> MEED BUSINESS REVIEW | Read the magazine
> COVER STORY | Oil giants aim for energy transition pole position
> CLIMATE CHANGE |  Gulf can defy doubters and lead way to net zero
> COMMENT |  Gulf to power world for decades to come


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