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According to the UnivDatos, various key players in the renewable sector are collaborating to reduce the price of electrolyzes which will eventually reduce the overall cost of green hydrogen production. As per their “MEA green hydrogen Market” report, the MEA green hydrogen Market is at a CAGR of 51.8% during the forecast period from 2024 - 2032 to reach USD 2205.33 million by 2032.
Countries in MEA, particularly in the Gulf, are increasingly focused on green hydrogen projects specifically to diversify their energy mix, reduce carbon emissions, and strengthen energy security. Across MEA renewable energy is abundant, including solar and wind power, which can be used to power green hydrogen production. With MEA governments setting out clear ambitions to develop hydrogen infrastructure, corporations operating in the clean energy sector are beginning to show interest in the Middle East. For example a joint venture between the South Korean firm Samsung C&T Corporation, owned and operated by Fujairah Power Company F3 LLC, a special purpose company (SPC) jointly owned by the Abu Dhabi National Energy Company (TAQA), and Mubadala Investment Company, as well as Marubeni Corporation and Hokuriku Electric Power Company,39 and will be the largest combined cycle power plant facility in the UAE, with the capacity of powering the equivalent of 380,000 households on clean energy.
Few Key Hydrogen Projects in MEA States
The United Arab Emirates
· DEWA’s Pilot Green Hydrogen Project for Expo 2020: The pilot plant will produce hydrogen using renewable solar energy, store it, and use it for re-electrification, transportation, and other industrial uses. At Expo 2020, green hydrogen produced at Dubai’s Mohammed bin Rashid Al Maktoum Solar Park will power a fleet of fuel-cell vehicles. By 2030, the solar park should have the capacity to generate 5 GW.
· Masdar Green Hydrogen Pilot Project: In January 2021 the Abu Dhabi Hydrogen Alliance was formed between Abu Dhabi’s ADNOC, holding firm ADQ, and Mubadala Investment Company, which owns Masdar. In 2023, Masdar partnered with Emirates Steel Arkan to develop an innovative green hydrogen project to decarbonize the hard-to-abate steel sector in the UAE.
Saudi Arabia
The Neom Green Helios Fuels Project: NEOM Green Hydrogen Company is an equal joint venture by ACWA Power, Air Products, and NEOM, that came together to build the largest green hydrogen plant to produce green ammonia at scale in 2026. The project at a total value of USD 8.4 billion is being financed with USD 6.1 billion in non-recourse financing from 23 local, regional, and international banks and financial institutions.
Access sample report (including graphs, charts, and figures) - https://univdatos.com/reports/middle-east-africa-green-hydrogen-market?popup=report-enquiry
Egypt
Egypt and Siemens Plan Green Hydrogen Pilot: In January 2021, the Egyptian Minister of Electricity and Renewable Energy and Siemens Germany signed an agreement to explore a potential pilot project to produce green hydrogen in Egypt.
DEME Explores Green Hydrogen Production in Egypt: In 2021, DEME signed an agreement with the Egyptian Ministry of Electricity and Renewable Energy, the Ministry of Oil and Mineral Resources, and the Egyptian Navy to conduct studies on the production of the low-carbon fuel in Egypt.
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