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Saudi Arabia’s NEOM Green Hydrogen Company closes deals on $8.4bn green hydrogen plant

Saudi Arabia’s NEOM Green Hydrogen Company (NGHC) signed financial documents with 23 local, regional and international banks and investment firms on a green hydrogen production facility at a total investment value of $8.4 billion on Monday. The plant is currently being built at Oxagon, in Saudi Arabia’s region of NEOM. The National Development Fund (NDF) will contribute to financing the world’s largest green hydrogen project, through its supervised entities: The Saudi Industrial Development Fund (SIDF) and the National Infrastructure Fund (NIF), along with local and international banks.

Link: https://www.arabnews.com/node/2309066/business-economy

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