UAE targets global hydrogen dominance as Saudi Arabia, Oman jockey for position
The UAE is positioning itself to capture a share of the emerging global hydrogen economy, which it expects to become “a major part of the energy mix” in the next 10 years.
To:
Al-Monitor Pro Members
From:
Sebastian Castelier
Business journalist covering Gulf economies
Date:
Aug. 21, 2023
Bottom Line:
Hydrogen cooperation took center stage during Japanese Prime Minister Fumio Kishida’s Gulf tour in July. The United Arab Emirates is positioning itself to capture a share of the emerging global hydrogen economy, which it expects to become “a major part of the energy mix” in the next 10 years as it emits no planet-warming gasses when burned. The UAE adopted its National Hydrogen Strategy to set the contours of its strategy in this new industry on July 3, but the hydrogen race is already on as Saudi Arabia and Oman eye a share of the pie.