$50 billion investments expected in green hydrogen in Oman: Dr. Firas

$50 billion investments expected in green hydrogen in Oman: Dr. Firas

Muscat: The Sultanate of Oman's regulatory policies in the renewable energy sector are attracting foreign investments, and the availability of natural resources like wind and solar energy has promoted partnerships to build projects that add value to the national economy. Steps have been taken for building the infrastructure for hydrogen projects as locations have been identified where they will be established. Dr. Firas Al-Abduwani, Director General of Renewable Energy and Hydrogen, Ministry of Energy and Minerals, confirmed that five hydrogen projects have been awarded in the Al Wusta Governorate, and other projects will be awarded in the Dhofar Governorate soon, indicating that the volume of investments is expected to reach $50 billion with future expansions of this sector as the Sultanate of Oman is rushing to attract huge investments. He pointed out that there are upcoming projects in renewable energy, including three solar power stations in Ibri, in addition to several wind energy projects in the Al Wusta Governorate and the Dhofar Governorate, explaining that the Sultanate of Oman's potential in the availability of natural resources for renewable energy will qualify it to be a pioneer in this field. Oman is currently at the forefront of countries in the world