TAQA, Abu Dhabi Ports to build 2 GW green hydrogen project

Green hydrogen is created through electrolysis of water powered by renewable energy. (Shutterstock)
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Updated 08 July 2021
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TAQA, Abu Dhabi Ports to build 2 GW green hydrogen project

  • Facility will convert green hydrogen to ammonia
  • Ammonia storage facility provides export opportunity

ABU DHABI: Abu Dhabi National Energy Co. (TAQA) and Abu Dhabi Ports have signed an MOU to build a green hydrogen-to-ammonia project powered by a 2 GW solar array.

The companies plan to build the facility in Khalifa Industrial Zone Abu Dhabi,WAM reported. It would include a storage facility for green ammonia, potentially creating a hub for the export of the liquid.

Arab economies are vying for a piece of what is predicted to be a $200 billion market for green hydrogen in the Gulf alone by 2050.

The region has the potential to be one of the most competitive globally for green hydrogen production thanks to its abundant wind and solar resources, industrial infrastructure and its location as an export hub, Dii Desert Energy and Roland Berger said in a report on the industry last month.

Green hydrogen is turned into ammonia for long-distance transport before being converted back into hydrogen. Ammonia can also be used as bunker fuel in ships that have been converted to use it.

“Hydrogen requires large-scale low carbon electricity production and desalinated water. TAQA is an internationally recognized leader in both of these,” said Jasim Husain Thabet, TAQA’s Group CEO. “We are pleased to have opened discussions with our partner Abu Dhabi Ports on developing proposals for a major industrial scale facility that, if it goes ahead, would place Abu Dhabi at the heart of the emerging market for green hydrogen.”


The Family Office to host global investment summit in Saudi Arabia

Updated 18 January 2026
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The Family Office to host global investment summit in Saudi Arabia

RIYADH: The Family Office, one of the Gulf’s leading wealth management firms, will host its exclusive investment summit, “Investing Is a Sea,” from Jan. 29 to 31 on Shura Island along Saudi Arabia’s Red Sea coast.

The event comes as part of the Kingdom’s broader Vision 2030 initiative, reflecting efforts to position Saudi Arabia as a global hub for investment dialogue and strategic economic development.

The summit is designed to offer participants an immersive environment for exploring global investment trends and assessing emerging opportunities and challenges in a rapidly changing financial landscape.

Discussions will cover key themes including shifts in the global economy, the role of private markets in portfolio management, long-term investment strategies, and the transformative impact of artificial intelligence and advanced technologies on investment decision-making and risk management, according to a press release issued on Sunday.

Abdulmohsin Al-Omran, founder and CEO of The Family Office, will deliver the opening remarks, with keynote addresses from Saudi Energy Minister Prince Abdulaziz bin Salman and Prince Turki Al-Faisal, chairman of the King Faisal Center for Research and Islamic Studies.

The press release said the event reflects the firm’s commitment to institutional discipline, selective investment strategies, and long-term planning that anticipates economic cycles.

The summit will bring together prominent international and regional figures, including former UK Treasury Commercial Secretary Lord Jim O’Neill, Mohamed El-Erian, chairman of Gramercy Fund Management, Abdulrahman Al-Rashed, chairman of the editorial board at Al Arabiya, Lebanese Minister of Economy and Trade Dr. Amer Bisat, economist Nouriel Roubini of NYU Stern School of Business, Naim Yazbeck, president of Microsoft Middle East and Africa, John Pagano, CEO of Red Sea Global, Dr. Anne-Marie Imafidon, MBE, co-founder of Stemettes, SRMG CEO Jomana R. Alrashed and other leaders in finance, technology, and investment.

With offices in Bahrain, Dubai, Riyadh, and Kuwait, and through its Zurich-based sister company Petiole Asset Management AG with a presence in New York and Hong Kong, The Family Office has established a reputation for combining institutional rigor with innovative, long-term investment strategies.

The “Investing Is a Sea” summit underscores Saudi Arabia’s growing role as a global center for financial dialogue and strategic investment, reinforcing the Kingdom’s Vision 2030 objective of fostering economic diversification and sustainable development.