Saudi NEOM Attracts Global Investment with $9 Billion Green Hydrogen Project

en.Wedoany.com Reported - Saudi Arabia's NEOM continues to drive economic diversification and a knowledge-based economy to attract global capital into the Saudi market.

NEOM Deputy CEO Rayyan Fayez stated that the mega-project NEOM is a core pillar for attracting global investment into Saudi Arabia, providing third-party capital with supportive infrastructure such as energy, water, digital connectivity, and incentives, thereby creating investment opportunities.

Taking the $9 billion NEOM green hydrogen project as an example, it is being developed in partnership with Air Products and ACWA Power. The project has secured $6.2 billion in debt financing, with the remaining funds provided by equity. All shareholders agree that NEOM is a highly attractive location for building such a large-scale industrial complex.

In April this year, NEOM announced that it had enhanced regional connectivity by establishing a European multimodal land bridge. This land bridge enables direct truck freight transport from Europe, through Egypt, and via NEOM Port into the Gulf region. Strategically located on the Red Sea coast and close to important inland transport routes, NEOM Port is expanding its role as a reliable regional hub, facilitating efficient cargo movement between Europe, Africa, Asia, and the Middle East.

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