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  • ACWA power to sign $7bn green hydrogen deal with Omanoil, Air Products

ACWA power to sign $7bn green hydrogen deal with Omanoil, Air Products

Crown Prince Mohammed bin Salman is greeted by Haitham bin Tarik, Sultan of Oman in Muscat during his GCC tour. (ONA)
Crown Prince Mohammed bin Salman is greeted by Haitham bin Tarik, Sultan of Oman in Muscat during his GCC tour. (ONA)
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07 Dec 2021 05:12:09 GMT9
07 Dec 2021 05:12:09 GMT9
  • Part of 13 MoUs signed with a value of $10bn
Arab News

MUSCAT: Saudi ACWA power will sign on Tuesday a $7 billion deal with Omanoil and Air Products to produce green hydrogen in Oman’s Salalah Free Zone, it was reported on Monday.

Omani and Saudi firms signed 13 memoranda of understanding (MoU) potentially valued at more than $10 billion, Omani official media reported on Monday, as Saudi Crown Prince Mohammed bin Salman sets off on a Gulf tour.

The deals come as part of Prince Mohammed’s visit to Oman as part of a GCC-wide tour.

The crown prince will also meet with leaders and senior officials of the UAE, Qatar, Bahrain and Kuwait, to discuss bilateral relations.

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