meed-logo

line1 line2 line3
SIGN IN / REGISTER

Acwa Power to explore Dutch hydrogen corridor

26 October 2023

Saudi utility developer Acwa Power and three Dutch entities have signed a memorandum of understanding (MoU) for a project to explore the viability of a green hydrogen export corridor to Amsterdam.

The MoU counterparties include Zenith Energy Terminals, GasLog and Port of Amsterdam.

As part of the MoU, Acwa Power, Zenith Energy Terminals and GasLog will conduct a detailed feasibility study to establish a trade corridor for liquified green hydrogen between Acwa Power's production sites and the port of Amsterdam.

In a statement, Acwa Power added: "Based on the outcomes of the study, the stakeholders may subsequently engage in a joint development agreement (JDA) to define roles and responsibilities, while also engaging with prospective offtakers within the vicinity of the port of Amsterdam and its hinterland."

The parties will also investigate suitable incentive opportunities that could promote demand for green hydrogen and make it more affordable.

The Dutch government plans to earmark €9bn to develop green hydrogen production and distribution until 2030, of which €300m is reserved for imports.

As a global energy hub, the port of Amsterdam is prioritising the development of green hydrogen capabilities as part of its energy transition plan and to serve as a gateway to Europe by establishing viable import corridors.

Acwa Power, along with US-headquartered Air Products and Neom, is developing the $8.5bn Neom green hydrogen project in Saudi Arabia.

The integrated plant will produce hydrogen to be synthesised into carbon-free ammonia for export exclusively by Air Products to global markets.

In addition to the renewable energy plants, battery storage and power transmission network, the Neom green hydrogen and ammonia project comprises 2,000MW of electrolysers to produce 650 tonnes of hydrogen a day and air separation units to produce nitrogen for the conversion of hydrogen into 1.2 million tonnes of ammonia a year.

Photo: Acwa Power

https://image.digitalinsightresearch.in/uploads/NewsArticle/11247785/main.jpg
Jennifer Aguinaldo

Register for MEED's guest program now to access this article.

Click here to register
Exclusive from Meed
Related Articles
  • WEBINAR: Mena Oil & Gas Projects Market 2025-26

    10 July 2025

    Register now

    Date & Time: Tuesday 29 July 2025 | 11:00 AM GST

    Agenda:

    1. Summary of the Mena oil, gas and petrochemicals projects market

    2. Summary description of the main megaprojects, including project programmes

    3. Analysis of active contracts and spending to date

    4. Analysis of top contracts by work already awarded

    5. Long-term capital expenditure outlays and forecasts

    6. Highlights of key contracts to be tendered and awarded over the next 18 months

    7. Top contractors and clients

    8. Breakdown of spending by segment, ie, oil, gas, petrochemicals – upstream, downstream, onshore and offshore

    9. Q&A session

    Click here to register

    https://image.digitalinsightresearch.in/uploads/NewsArticle/14241705/main.gif
    Indrajit Sen
  • New Murabba signs up South Korean firm for design works

    10 July 2025

    Register for MEED’s 14-day trial access 

    Saudi Arabia’s New Murabba Development Company (NMDC) has signed a memorandum of understanding (MoU) with South Korea’s Heerim Architects & Planners to explore further design works on assets at the 14 square-kilometre New Murabba downtown project.

    According to an official statement: “Heerim Architects & Planners will explore distinctive architectural plans that complement the development’s masterplan, with special focus on anchor assets, linear parks and smart city features.”

    New Murabba CEO Michael Dyke signed the agreement last week during the company’s Investment and Partnership Forum in Seoul.

    At the event, NMDC also signed an MoU with South Korea’s Naver Cloud Corporation to explore technological solutions for delivering the New Murabba downtown project.

    According to an official statement: “The three-year agreement covers exploring innovative technology and automation to support the delivery of New Murabba, including robotics, autonomous vehicles, a smart city platform and digital solutions for monitoring construction progress.”

    NMDC is in Seoul to examine technological offerings, assess financing options and showcase the investment opportunities available for the New Murabba downtown development.

    The statement added that the excavation works for The Mukaab, the centrepiece of the overall development, have now been completed.

    The Mukaab is a Najdi-inspired landmark that will be one of the largest buildings in the world. It will be 400 metres high, 400 metres wide and 400 metres long. Internally, it will have a tower on top of a spiral base and a structure featuring 2 million square metres (sq m) of floor space designated for hospitality. It will feature commercial spaces, cultural and tourist attractions, residential and hotel units, and recreational facilities.

    Downtown destination

    The New Murabba destination will have a total floor area of more than 25 million sq m and feature more than 104,000 residential units, 9,000 hotel rooms and over 980,000 sq m of retail space.

    The scheme will include 1.4 million sq m of office space, 620,000 sq m of leisure facilities and 1.8 million sq m of space dedicated to community facilities.

    The project will be developed around the concept of sustainability and will include green spaces and walking and cycling paths to promote active lifestyles and community activities.

    The living, working and entertainment facilities will be developed within a 15-minute walking radius. The area will use an internal transport system and will be about a 20-minute drive from the airport.

    The downtown area will feature a museum, a technology and design university, an immersive, multipurpose theatre, and more than 80 entertainment and cultural venues.

    READ THE JULY 2025 MEED BUSINESS REVIEW – click here to view PDF

    UAE and Turkiye expand business links; Renewed hope lies on the horizon for trouble-beset Levant region; Gulf real estate momentum continues even as concerns emerge

    Distributed to senior decision-makers in the region and around the world, the July 2025 edition of MEED Business Review includes:

    > PROJECTS MARKET: GCC projects market collapses
    > GULF PROJECTS INDEX: Gulf projects index continues climb
    To see previous issues of MEED Business Review, please click here
    https://image.digitalinsightresearch.in/uploads/NewsArticle/14239016/main.jpg
    Yasir Iqbal
  • Chinese firm wins Mid Island Parkway tunnelling deal

    10 July 2025

     

    Register for MEED’s 14-day trial access 

    Beijing-headquartered China Railway Tunnel Engineering Group has won a $60m subcontract for the tunnelling works on package 1B of the Mid Island Parkway project in Abu Dhabi.

    Package 1B entails the construction of a cut-and-cover tunnel to cross the Khor Laffan Channel, which is the area between the Saadiyat and Um-Yifeenah islands.

    The tunnel, which will be between 900 metres and 1 kilometre (km) long, is being constructed on a design-and-build basis and will tie in to packages 1A and 1C.

    The project is being jointly constructed by a joint venture of local firm Yas Projects (Alpha Dhabi Holding) and Beijing-based China Railway International Group.

    In June last year, MEED exclusively reported that Abu Dhabi's Department of Municipality & Transport had awarded contracts for three packages for phase one of the Mid Island Parkway Project (MIPP), as part of the Plan Capital urban evolution programme.

    Phase one will start at the existing Saadiyat Interchange, which will connect the E12 road to the MIPP, and will end with the recently constructed Um-Yifeenah Highway. 

    It comprises a dual main road with a total length of 8km, including four traffic lanes in each direction, two interchanges, a tunnel and associated infrastructure works. 

    MIPP phase one is further divided into packages 1A, 1B and 1C, which were awarded separately.

    The project ownership has been transferred from Aldar Properties to Abu Dhaibi's Department of Municipalities & Transport.

    Previously, it was transferred from Abu Dhabi General Services Company (Musanada) to Aldar Properties, and the project was included in the Abu Dhabi Investment Office's public-private partnership project pipeline.

    READ THE JULY 2025 MEED BUSINESS REVIEW – click here to view PDF

    UAE and Turkiye expand business links; Renewed hope lies on the horizon for trouble-beset Levant region; Gulf real estate momentum continues even as concerns emerge

    Distributed to senior decision-makers in the region and around the world, the July 2025 edition of MEED Business Review includes:

    > PROJECTS MARKET: GCC projects market collapses
    > GULF PROJECTS INDEX: Gulf projects index continues climb
    To see previous issues of MEED Business Review, please click here
    https://image.digitalinsightresearch.in/uploads/NewsArticle/14238039/main3047.gif
    Yasir Iqbal
  • Firms submit PPP bids for worker accommodation

    9 July 2025

     

    Saudi Arabian Mining Company (Maaden) has received bids from companies for a contract to develop accommodation for over 4,500 workers at its new gold mine and processing facility in the Al-Rjum region of Saudi Arabia.

    MEED understands that the bids for the package were submitted in late June.

    Maaden is developing the project on a public-private partnership (PPP) basis under a build, own, operate and transfer model. The concession period is 15 years.

    The bidders include:

    • Saudi Arabian Trading & Construction Company
    • Lamar Holding
    • NextGen Infra
    • Al-Mutlaq Group

    Maaden is at the forefront of Riyadh’s strategy to expand the kingdom’s metals and mining sector. By 2040, the company, which is majority-owned by sovereign wealth vehicle the Public Investment Fund, aims to build its upstream mining capabilities, gain exposure to future minerals and form partnerships with global mining companies.

    The company’s efforts align with Crown Prince Mohammed Bin Salman Al-Saud’s strategy to establish mining as a third economic pillar, alongside oil and petrochemicals.

    In January, Maaden revealed plans to form a joint venture with state-controlled oil company Saudi Aramco, focusing on the exploration and mining of metals that are crucial to the energy transition.

    At the Future Minerals Forum 2025, Maaden shared updates on its exploration activities, highlighting gold and copper intercepts at the Wadi Al-Jaww and Jabal Shayban exploration areas in the Arabian Shield. These findings suggest the emergence of a new gold and copper district.

    READ THE JULY 2025 MEED BUSINESS REVIEW – click here to view PDF

    UAE and Turkiye expand business links; Renewed hope lies on the horizon for trouble-beset Levant region; Gulf real estate momentum continues even as concerns emerge

    Distributed to senior decision-makers in the region and around the world, the July 2025 edition of MEED Business Review includes:

    > PROJECTS MARKET: GCC projects market collapses
    > GULF PROJECTS INDEX: Gulf projects index continues climb
    To see previous issues of MEED Business Review, please click here
    https://image.digitalinsightresearch.in/uploads/NewsArticle/14230483/main.jpg
    Yasir Iqbal
  • Parsons to project manage Dubai Metro Blue Line

    9 July 2025

    US-based engineering firm Parsons Corporation has announced that it has been selected by Dubai’s Roads & Transport Authority (RTA) as the project management consultant for the Dubai Metro Blue Line extension project.

    In an official statement, Parsons said that its scope encompasses comprehensive project management services, including design review, procurement support, construction supervision, testing and commissioning oversight, and project handover management.

    The Blue Line will connect the existing Red and Green lines. It will be 30 kilometres (km) long, with 15.5km underground and 14.5km above ground.

    The line will have 14 stations, seven of which will be elevated. There will be five underground stations, including one interchange station, and two elevated transfer stations connected to the existing Centrepoint and Creek stations.

    In December last year, the RTA awarded a AED20.5bn ($5.5bn) main contract for the construction of the project.

    The main contractor’s consortium is responsible for all civil works, electromechanical works, rolling stock and rail systems. After completing the project, the contractor will assist with maintenance and operations for an initial three-year period.

    According to an official statement, the Blue Line will have a capacity of 46,000 passengers an hour in both directions.

    The project is scheduled for completion in September 2029.

    https://image.digitalinsightresearch.in/uploads/NewsArticle/14229390/main.jpeg
    Yasir Iqbal