23 Hrs
 أخبار الخليج
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أخبار الخليج

2026-08-01T23:00:00.000Z

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Gulf plans $33.5B in biotech hydrogen

Gulf plans $33.5B in biotech hydrogen

Forecasts indicate that European investments in the Gulf region will reach $28.59 billion during the first year of the Global Investment Summit scheduled for September 2026. This will be accompanied by the development of 15 joint projects and the establishment of 8 strategic partnerships to enhance the connection between European capital and Gulf market opportunities. In the biotech and renewable energy sectors, investments are expected to rise from $16.67 billion in 2023 to $33.52 billion by 2030. Additionally, investments in clean hydrogen production are projected to grow from $10.37 billion to $22.77 billion over the same period, representing an approximate 120% increase. The summit aims to direct 25% of investments toward advanced technologies, with sustainability standards adopted in 55% of projects, all with the goal of building more efficient and competitive sectors and strengthening the region's position in future energy markets.

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