Less than a week later, Reliance announced plans to become one of the world’s biggest producers of blue hydrogen.
With so many countries vying for leadership of the clean hydrogen space, it is heating up to be a highly competitive market.
In the Middle East, Abu Dhabi is aiming for a 25 percent share of the market by 2030, while Oman, Morocco and Egypt are also aggressively pursuing the clean hydrogen market.
However, the winner is likely to be the nation with the lowest renewable energy costs, the scale to produce enough hydrogen at a competitive price and a strategic location close to major consuming markets.
Business hotel Four Points by Sheraton and luxury brand Shangri-La will cut the ribbon on new locations in Jeddah this week, while Kempinski will open a five-star hotel on the coast of Al Muhar Island, part of the coastal city of Yanbu.
Ahead of the conference, Aramco will host a ministerial session and gala dinner on Feb.