Saudi Gazette report

RIYADH — The Public Investment Fund (PIF) has signed a memorandum of understanding (MoU) with Japan’s Marubeni Corporation to study producing clean hydrogen in Saudi Arabia.

Within the framework of the MoU, the export of the clean hydrogen to the local and international markets will be studied.

It is noteworthy that PIF intends to invest more than $10 million green projects by 2026, including renewable energy, clean transportation, sustainable water management.