Oman bets on hydrogen to attract international investors

Oman hosts its first gH2 Investors Day to showcase concrete projects and investment opportunities in a rapidly growing energy sector.

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Oman is positioning itself as a strategic player in hydrogen development, a sector attracting massive investments globally. In December 2024, Hydrom, the entity dedicated to advancing this sector, will host the first gH2 Investors Day. This event will bring together industry leaders and investors to explore ongoing projects and identify new investment opportunities.

Hydrom will provide a comprehensive overview of current initiatives, including preparations for the third bidding round scheduled for early 2025. This round is expected to pave the way for new projects, strengthening Oman’s position in the global supply chain. Among its flagship collaborations, the agreement signed with the Port of Amsterdam during COP28 aims to establish a commercial hydrogen liquid route between Oman and Europe, reflecting the country’s international ambitions.

Structural projects and strong partnerships

To date, Oman has secured agreements for eight major hydrogen projects involving 22 international companies, with a combined investment of $49 billion. These projects aim to achieve an annual production of 1.5 million tons by 2030, addressing growing demand in international markets.

To maximize the impact of these investments, Hydrom has developed a streamlined regulatory framework and implemented shared infrastructure, reducing costs for operators while expediting project execution. These initiatives also enhance the country’s attractiveness for future industrial partnerships.

A structured ecosystem for the future

The Sultanate has also launched a multisectoral program to support the development of this sector. This program includes initiatives aimed at simplifying administrative procedures, developing local skills, and improving logistics. The “single permit system” introduced by Hydrom centralizes approvals, providing a clear and efficient framework for investors.

With these efforts, Oman consolidates its role as a regional and global energy hub. The gH2 Investors Day will showcase the progress made and strengthen relationships with long-term strategic partners.

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