Saudi Arabia’s NEOM, a key development by the Public Investment Fund, is advancing rapidly as the Oxagon industrial city and the NEOM Green Hydrogen project approach operational status. These projects are central to the country’s transition to clean energy and high-tech industries, supporting Vision 2030 goals to reduce carbon emissions and diversify the economy.
Both ventures aim to create integrated industrial and technology ecosystems powered by renewable energy and innovation, strengthening NEOM’s role as a global center for sustainable industries and emerging technologies.
Wesam Alghamdi, CEO of NEOM Green Hydrogen Company, announced the facility is set to start commercial production in 2027 after completing testing and commissioning in 2026.
“The project is one of the most important pillars of the kingdom’s clean-energy transition and is aligned with Vision 2030 targets for decarbonization and net zero emissions.”
The company behind the project is a joint venture between ACWA Power, Air Products, and NEOM. The facility is situated in Oxagon, the industrial city within the broader NEOM area.
NEOM’s green hydrogen project is poised to play a vital role in Saudi Arabia’s clean energy future and economic diversification under Vision 2030.