Saudi ACWA power to sign a $7 billion green hydrogen deal with Omanoil, Air Products

Omani and Saudi firms sign 13 memoranda of understanding potentially valued at more than $10 billion.

CAIRO - Saudi ACWA power will sign on Tuesday a $7 billion deal with Omanoil and Air Products to produce green hydrogen in Oman's Salalah Free Zone, Al Arabiya TV reported on Monday.

Omani and Saudi firms signed 13 memoranda of understanding (MoU) potentially valued at more than $10 billion, Omani official media reported on Monday, as Saudi Crown Prince Mohammed bin Salman sets off on a Gulf tour that will see him meet neighbouring rulers and allies as the kingdom closely watches negotiations in Europe to revive Iran’s nuclear deal with world powers.