The Saudi Development Fund has financed the construction of the largest global plant for green hydrogen production in the city of Oxagon in Neom, Saudi Arabia
The initiative is part of the Saudi Arabia's efforts to transition to clean energy and meet global energy demand.
The National Development Fund invests in sustainability and the implementation of "Vision 2030" for a greener future.
The project aims to produce 4 GW of carbon-free green hydrogen using solar and wind energy by the end of 2026.
The Industrial Development Fund is also involved in the project, with the National Infrastructure Fund providing support.
The National Infrastructure Fund aims to triple the growth impact on the Saudi Arabian economy by 2030.