Oman to offer 47-year land concessions for green hydrogen projects

Oman to offer 47-year land concessions for green hydrogen projects

Developers of green hydrogen projects in the Sultanate of Oman will be eligible for land concessions spanning 47 years, among other incentives, a key official of the Ministry of Energy and Minerals has stated.

Eng Abdulaziz al Shidhani , Director General Renewable Energy and Hydrogen, noted that land allocations – covering blocks of around 320 sq kilometres apiece – will be based on a competitive bidding system, registrations for which opened earlier this week.

“What are we providing for investors is a (concession) for a duration of 47 years from the signing of the project development agreement and sub-usufruct award,” said Eng Al Shidhani. “Land lease starts with a floor of 20 baizas per square metre, which ultimately will be based on a competitive bidding process,” he stated, adding that the already reduced land fees will be further discounted during the development stages by up to 100 per cent.

Speaking at a media briefing earlier this week, the official pointed out that the Omani government, for its part, will be entitled to receive base royalties (starting from 5 per cent in kind) and surplus royalties. In addition, a 20 per cent stake in the project must be offered to a government-owned entity –