NDF CEO: 31.5B riyals for Neom hydrogen
The Governor of the National Development Fund, Abdulaziz bin Abdulrahman Al-Arrifi, announced that the NEOM Green Hydrogen Project has received investments totaling 31.5 billion Riyals, resulting from partnerships between national funds and local and international financial institutions. He emphasized that developmental financing focuses on creating opportunities and economic impacts, as well as developing infrastructure and promoting private sector participation, while also supporting the training of national competencies. This project aims to ensure energy security and sustainability within Saudi Arabia's Vision 2030 to enhance economic diversification and sustainable growth.
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