The World Bank has just issued the longform report “Scaling Hydrogen Financing for Development” which, notably, provides insights on the forefront position of the Middle East and North Africa (MENA) region in the H2 space:
There are 76 clean hydrogen projects announced in Middle East and North Africa, with the top-three busiest countries being Egypt, Oman and the United Arab Emirates, and >85% projects geared towards producing renewable hydrogen.
Among the renewable ammonia projects having started construction in emerging markets, MENA leads with 3 projects out of 6, 85% of the future installed capacity and the only gigawatt-scale project (led by NEOM Green Hydrogen Company in Saudi Arabia).
Besides, MENA concentrates most of the new projects unveiled in 2023, with a strong uptake in investment announced during the course of last year, totalling USD40bn to date.
Full report from the World Bank at this link.
Here’s our take at Yamna!
