ROTTERDAM — Saudi Arabia and the Netherlands on Thursday signed a memorandum of understanding to collaborate on the development of green energy and hydrogen.

The MOU was signed by Saudi Energy Minister Prince Abdulaziz bin Salman and the Netherlands' Minister of Economic Affairs and Climate Policy Micky Adriaansens during the World Hydrogen Summit in Rotterdam.

The Netherlands could be the main destination in Europe for hydrogen derived from renewable energy sources in Saudi Arabia, Prince Abdulaziz bin Salman said at the summit.

"Rotterdam would be our hub to Europe," the prince said, adding that the Netherlands and Germany would be Saudi Arabia's "natural partners" in the green hydrogen trade.

"You are putting facilities on the ground, you are building storages and pipelines, you have a plan."

Adriaansens said: “This proves that we share the same ambition, and it is something that proves we will work together on making the world more greener and hydrogen is very important in that.” — Agencies