{"id":101031,"date":"2025-10-01T00:00:00","date_gmt":"2025-10-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/01\/acwa-power-to-break-ground-on-egypt-green-hydrogen-project-next-year\/"},"modified":"2025-10-01T00:00:00","modified_gmt":"2025-10-01T00:00:00","slug":"acwa-power-to-break-ground-on-egypt-green-hydrogen-project-next-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/01\/acwa-power-to-break-ground-on-egypt-green-hydrogen-project-next-year\/","title":{"rendered":"Acwa Power to break ground on Egypt green hydrogen project next year"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, wonderful people, and welcome to a rather busy Wednesday \u2014 and the<\/strong><strong> start of a new month.<\/strong> We enter 4Q 2025 with a healthy serving of updates on the economy, including the latest unemployment figures and the Finance Ministry\u2019s growth and deficit outlook for 2026. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also in this morning\u2019s newswell:<\/strong> The Capital Market Authority signed off on Almasar Education\u2019s upcoming Tadawul IPO, along with a handful of other planned transactions and listings, and Sahat Almajd is also moving towards debuting on Nomu after pricing its IPO. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER-<\/strong><strong> Rainy skies persist<\/strong>, with showers expected over Asir till weekend, with moderate to light rain over Jazan, Makkah, and Al Baha. Riyadh is expected to see temperatures as high as 40\u00b0C and as low as 25\u00b0C, while Jeddah\u2019s mercury will go up to 37\u00b0C before cooling down to 28\u00b0C, and Makkah will witness a 42\u00b0C high and a 30\u00b0C low.<\/p>\n<p class=\"tag-border-left\">PSA- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over 17k i<\/strong><strong>nvestors affected by Dar Al Arkan Real Estate\u2019s stock trading violations <\/strong><strong>are now being compensated<\/strong>, the Capital Market Authority said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/news-detail-wcm\/?newsId=9026&locale=en\" style=\"\" rel=\"noopener\">statement on Tadawul<\/a>. The payments follow a final ruling announced in mid-2023 obligating 17 violators and five investors to pay SAR 1.2 bn for the illegal gains made from these violations. The payments will be disbursed through a dedicated fund. <\/p>\n<p class=\"tag-border-left\"> WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>#1- <\/strong><strong>Acwa Power is aiming to begin work on its green hydrogen project in Egypt\u2019s Suez <\/strong><strong>Canal Economic Zone (SCZone) by mid-2026<\/strong>, <a target=\"_blank\" href=\"https:\/\/hapijournal.com\/2025\/09\/30\/%D8%A3%D9%83%D9%88%D8%A7-%D8%A8%D8%A7%D9%88%D8%B1-%D8%AA%D8%AE%D8%B7%D8%B7-%D9%84%D8%AA%D9%86%D9%81%D9%8A%D8%B0-%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D8%A7%D9%84%D9%87%D9%8A%D8%AF%D8%B1%D9%88%D8%AC%D9%8A\/\" style=\"\" rel=\"noopener\">Hapi Journal<\/a> quotes Executive Business Development Director Ayman Fayek as saying. The company is still studying the project, Fayek said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Powering the facility: <\/strong>Acwa has a 3.4 GW project \u2014 1.9 GW of wind and 1.5 GW of solar \u2014 that will be connected to the national electricity grid and used for green hydrogen production, he added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>It was lastly <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6c91a33c-e8f3-4481-872d-9f2335c2deaa\/\" style=\"\" rel=\"noopener\">reported<\/a> that Acwa expects to complete the first, USD 4 bn portion of its green hydrogen project in the SCZone by 4Q 2028. Under the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e01eb89c-a202-406d-bcb7-956f20612cde\" style=\"\" rel=\"noopener\">framework agreement<\/a> inked in 2023, the company will invest at least USD 4 bn in the first phase of the project, which will have a production capacity of 600k metric tons of green ammonia annually. The second phase of the project will add another 2 mn metric tons of green ammonia to the plant\u2019s production capacity.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#2- <\/strong><strong>Dar Global is set<\/strong><strong>ting up its global headquarters in Riyadh<\/strong>, CEO Ziad Al Shaar told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2025\/09\/30\/%D8%AF%D8%A7%D8%B1-%D8%AC%D9%84%D9%88%D8%A8%D8%A7%D9%84-%D9%84%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D8%AA%D8%A7%D8%B3%D9%8A%D8%B3-%D9%85%D9%82%D8%B1-%D8%A7%D9%82%D9%84%D9%8A%D9%85%D9%8A-%D9%81%D9%8A-%D8%A7%D9%84%D8%B1%D9%8A%D8%A7%D8%B6-%D9%84%D8%A7%D8%AF%D8%A7%D8%B1%D8%A9-%D8%B9%D9%85%D9%84%D9%8A%D8%A7%D8%AA%D9%86%D8%A7-%D8%B9%D8%A7%D9%84%D9%85%D9%8A%D8%A7-\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>. He described Saudi Arabia as the most important global real estate market for the next decade.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- Trump Plaza gets a timeline:<\/strong> The USD 1 bn Trump Plaza Jeddah \u2014 which Dar Global is building \u2014 is set to launch off-plan sales in early 2026, with construction starting mid-2026 and completion expected within three years, Al Shaar said. The 28k sqm mixed-use luxury development will include apartments, townhouses, offices, a retail courtyard, and serviced units. The plaza is the centerpiece of the larger 1 mn sqm \u201cManhattan masterplan\u201d being developed by Dar Al Arkan in central Jeddah. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>Saudi to boost trade ties with Oman:<\/strong> Saudi Arabia inked a certificate of origin (CO) with Oman to streamline the mutual flow of goods and hike up commercial and industrial exports between the two Kingdoms, <a target=\"_blank\" href=\"https:\/\/omannews.gov.om\/topics\/ar\/7\/show\/457365\" style=\"\" rel=\"noopener\">ONA<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART-<\/strong> A CO confirms the origin of a product \u2014 serving as a declaration to adhere to customs or trade requirements, according to the <a target=\"_blank\" href=\"https:\/\/iccwbo.org\/business-solutions\/certificates-of-origin\/#:~:text=A%20Certificate%20of%20Origin%20(CO,duties%20or%20legitimacy%20of%20imports.\" style=\"\" rel=\"noopener\">International Chamber of Commerce<\/a>. They are required for customs clearance services to clarify duties or legitimacy of imports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> The contract was initiated <a target=\"_blank\" href=\"https:\/\/www.fm.gov.om\/launch-of-the-second-phase-of-industrial-integration-initiatives-between-oman-and-saudi-arabia\/\" style=\"\" rel=\"noopener\">under the second phase<\/a> of the pair\u2019s plan to support the bilateral integration and trade of industrial goods, launched back in June. This includes creating a fast track for customs transactions, joint industrial investments, integrating industrial supply chains, easing procedures for registering industrial goods, and equal treatment of companies in their respective government tenders.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> OIL WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>Oil equities may be set for a rebound: <\/strong>Energy stocks have been among the year\u2019s worst performers, weighed down by falling crude prices \u2014 with Brent down more than 9% YTD and WTI down over 8% \u2014 and record-low net long positions in WTI futures, Jay Pelosky, the Founder and Global Strategist at TPW Advisory wrote in <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/oil-bull-case-may-gather-momentum-pelosky-2025-09-29\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. Yet, the sector led gains last week, hinting that the deeply bearish case could be softening, even as prices started to slip again. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The bearish narrative rests on oversupply forecasts:<\/strong> The IEA sees demand growth in 2026 at just 700k bbl \/ d, the lowest since 2009 outside the pandemic years. The US Energy Department expects Brent to average USD 51 \/ bbl in 2026 \u2014 down from roughly USD 70 at present \u2014 with inventories building by more than 1.7 mn bbl \/ d next year. That outlook is tied to the view that Opec+ will ramp up production after unwinding cuts, though <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/opec-is-poised-slip-further-below-oil-output-target-2025-09-26\/\" style=\"\" rel=\"noopener\">analysts argue<\/a> the group is already falling behind on quota.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Two wildcards could flip the script: <\/strong>Ukraine's drone strikes have sidelined about a quarter of Russia\u2019s refining capacity, prompting Moscow to <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/ukraine-strikes-russian-oil-might-be-too-successful-trumps-liking-2025-09-25\/\" style=\"\" rel=\"noopener\">partially ban diesel exports<\/a> \u2014 sending Brent up more than 1% after the announcement. Meanwhile, China has been <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/china-keeps-building-crude-oil-stockpiles-even-processing-gains-2025-09-15\/\" style=\"\" rel=\"noopener\">importing<\/a> nearly 1 mn bbl \/ d above its domestic needs on average this year. With significant storage capacity still unused, continued stockpiling could underpin demand in the months ahead. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The traditional commodity cycle is turning<\/strong>, as precious metals have already surged, with the Gold Miners ETF doubling YTD. Industrial metals have followed, with the Copper Miners ETF up nearly 30% over the past three months, leaving energy as the next likely leg. A weaker USD \u2014 the greenback is down almost 10% this year \u2014 could add momentum, as crude is priced in USD. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Risks remain:<\/strong> A prolonged trade war under Trump could weigh on global demand. Still, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/trump-says-fed-should-lower-rates-by-one-full-point-2025-06-11\/\" style=\"\" rel=\"noopener\">a looser US monetary policy<\/a>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/oil-bull-case-may-gather-momentum-pelosky-2025-09-29\/nMT1ALTP8N3UP0CN2\" style=\"\" rel=\"noopener\">Beijing\u2019s anti-deflation push<\/a>, and surging AI-driven capex point to stronger growth. With positioning in oil so bearish, any upside surprise \u2014 whether from geopolitics, Opec+ shortfalls, or China\u2019s buying spree \u2014 could deliver sharp gains in oil-linked equities. <\/p>\n<p class=\"tag-border-left\">SPORTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia enters globa<\/strong><strong>l cricket stage: <\/strong>Saudi Arabia is set to host major cricket for the first time through a strategic partnership between the Saudi Arabia Cricket Federation (SACF) and the UAE-based DP World International League T20 (ILT20), according to a <a target=\"_blank\" href=\"https:\/\/www.ilt20.ae\/news\/dp-world-ilt20-and-saudi-arabian-cricket-federation-join-forces-to-advance-cricket-in-the-region\" style=\"\" rel=\"noopener\">press release<\/a>. The agreement licenses ILT20 as an official league in the Kingdom, with future seasons expected to stage matches here at home.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A pathway for Saudi players:<\/strong> As part of the agreement, Saudi players will gain a direct pathway into the six-team franchise competition, with each franchise required to sign at least one Saudi cricketer. Development tournaments will also be staged in the Kingdom starting next year to nurture local talent.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"ksa\/en\/user\/NewsLetters\" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>***<\/strong><strong>You\u2019re reading EnterpriseAM Saudi<\/strong>, your essential daily roundup of business, economics, and must-read news about Saudi, delivered straight to your inbox. We\u2019re out Sunday through Thursday by 7am Riyadh time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM Saudi is available without charge <\/strong>thanks to the generous support of our friends at Tas\u2019heel and Hassan Allam Properties.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on <a target=\"_blank\" href=\"mailto:climate@enterprisemea.com\" style=\"\" rel=\"noopener\">saudi@enterpriseAM.com<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW <\/strong>that we also cover <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">the UAE<\/a>, and the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics<\/a> industry?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of EnterpriseAM Saudi delivered every weekday.<br \/><strong>***<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>One story is on every front page this morning: <\/strong>The US government is on the verge of shutting down after lawmakers failed to reach a consensus on funding talks. US President Donald Trump told reporters the shutdown is \u201clikely,\u201d warning Democrats that his administration could take \u201cirreversible\u201d action \u2014 including mass firings of federal workers and the elimination of \u201cprograms they like\u201d \u2014 if Congress fails to keep the government open. \u201cWe can get rid of a lot of things that we didn\u2019t want and they\u2019d be Democrat things.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This would be the US\u2019 first shutdown since 2019<\/strong>, when a shutdown lasted around five weeks during Trump\u2019s first term. This time around, the stakes are slightly higher: The US Federal Reserve is set to meet at the end of October to discuss and make a decision on interest rates, and with a delay in government data expected \u2014 as well as potentially worse jobless data in light of Trump\u2019s warnings \u2014 the Fed\u2019s judgment could be further clouded ahead of the crucial decision. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/government-shutdown-nears-with-no-deal-washington-2025-09-30\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-09-30\/us-government-shutdown-looms-with-trump-democrats-at-odds?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/live\/clylje0rmp2t\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/us-news\/live\/2025\/sep\/30\/us-government-shutdown-funding-trump-vance-portland-hegseth-latest-updates\" style=\"\" rel=\"noopener\">The Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/d59a507b-8514-46ef-95e0-1402128d4499\" style=\"\" rel=\"noopener\">Financial Times<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO WORTH NOTING-<\/strong> Warren Buffett\u2019s Berkshire Hathaway is reportedly closing in on a USD 10 bn agreement to buy Occidental Petroleum\u2019s petrochemicals arm OxyChem \u2014 a move the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/62d316a1-d6a9-42b5-9b59-048590bf5868\" style=\"\" rel=\"noopener\">Financial Times<\/a> says would be the conglomerate\u2019s largest acquisition in three years. Occidental is offloading the unit as part of efforts to trim its USD 24 bn debt load. Berkshire, already Occidental\u2019s biggest shareholder with nearly 27% of its stock, is said to be negotiating a cash purchase. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- Trump has given Hamas three to four days to respond to his pro<\/strong><strong>posed peace plan for Gaza<\/strong>, warning of a \u201cvery sad end\u201d if it does not accept the proposal. The 20-point plan, which calls for an immediate ceasefire and Hamas\u2019 disarmament, Israel\u2019s staged withdrawal, and a transitional foreign-led government in Gaza, has <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/global-reaction-trumps-proposal-gaza-peace-plan-2025-09-30\/\" style=\"\" rel=\"noopener\">received widespread global support<\/a>, including from the Palestinian Authority. Hamas was not involved in the negotiations that led to the proposal. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/hamas-weighs-its-response-trumps-gaza-peace-proposal-2025-09-30\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/2025\/sep\/30\/hamas-mulls-options-as-countries-rush-to-welcome-trump-gaza-peace-plan\" style=\"\" rel=\"noopener\">Guardian<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> CIRCLE YOUR CALENDAR-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/bibanglobal.sa\/en\" style=\"\" rel=\"noopener\">Biban<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/bibanglobal.sa\/en\" style=\"\" rel=\"noopener\">Forum<\/a><\/strong> <strong> will be held between 5-8 November at the Riyadh Front Exhibition and<\/strong><strong> Conference Center.<\/strong> The Monsha\u2019at-organized, four-day event is expected to attract over 140k visitors from 150 countries, featuring panel discussions, interactive workshops, and an exhibition of breakthrough innovations targeting startups and SMEs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AND- Dar Global is setting up global HQ in Riyadh<\/p>\n","protected":false},"author":1,"featured_media":101032,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2540],"tags":[448,2248,10,9],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-101031","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-acwa-power","tag-dar-global","tag-enterpriseam-ksa","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"4973dad1-effe-4239-a216-ce9ece56bd4c","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/10\/14.jpg","photo_position":"above","homepage_title":"","full_issue_title":"THIS MORNING: Acwa Power to break ground on Egypt green hydrogen project next year","related_issue":[101029],"teaser":"AND- Dar Global is setting up global HQ in Riyadh","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/10\/.5669c557-a8c8-426c-95f5-62f86b5a4307.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Acwa Power to break ground on Egypt green hydrogen project next year - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2025\/10\/01\/acwa-power-to-break-ground-on-egypt-green-hydrogen-project-next-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Acwa Power to break ground on Egypt green hydrogen project next year\" \/>\n<meta property=\"og:description\" content=\"AND- Dar Global is setting up global HQ in Riyadh\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2025\/10\/01\/acwa-power-to-break-ground-on-egypt-green-hydrogen-project-next-year\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-01T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/14.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/10\/01\/acwa-power-to-break-ground-on-egypt-green-hydrogen-project-next-year\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/10\/01\/acwa-power-to-break-ground-on-egypt-green-hydrogen-project-next-year\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Acwa Power to break ground on Egypt green hydrogen project next year\",\"datePublished\":\"2025-10-01T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/10\/01\/acwa-power-to-break-ground-on-egypt-green-hydrogen-project-next-year\/\"},\"wordCount\":1623,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/10\/01\/acwa-power-to-break-ground-on-egypt-green-hydrogen-project-next-year\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/14.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ACWA power\",\"Dar Global\",\"EnterpriseAM KSA\",\"WHAT WE\u2019RE TRACKING TODAY\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TODAY\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/10\/01\/acwa-power-to-break-ground-on-egypt-green-hydrogen-project-next-year\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2025\/10\/01\/acwa-power-to-break-ground-on-egypt-green-hydrogen-project-next-year\/\",\"name\":\"Acwa Power to break ground on Egypt green hydrogen project next year - KSA\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/10\/01\/acwa-power-to-break-ground-on-egypt-green-hydrogen-project-next-year\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/10\/01\/acwa-power-to-break-ground-on-egypt-green-hydrogen-project-next-year\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/14.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2025-10-01T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/10\/01\/acwa-power-to-break-ground-on-egypt-green-hydrogen-project-next-year\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/ksa\/2025\/10\/01\/acwa-power-to-break-ground-on-egypt-green-hydrogen-project-next-year\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/10\/01\/acwa-power-to-break-ground-on-egypt-green-hydrogen-project-next-year\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/14.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/14.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/10\/01\/acwa-power-to-break-ground-on-egypt-green-hydrogen-project-next-year\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/ksa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Acwa Power to break ground on Egypt green hydrogen project next year\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"name\":\"KSA\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\",\"name\":\"KSA\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42482.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42482.svg\",\"caption\":\"KSA\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Acwa Power to break ground on Egypt green hydrogen project next year - KSA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/01\/acwa-power-to-break-ground-on-egypt-green-hydrogen-project-next-year\/","og_locale":"en_US","og_type":"article","og_title":"Acwa Power to break ground on Egypt green hydrogen project next year","og_description":"AND- Dar Global is setting up global HQ in Riyadh","og_url":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/01\/acwa-power-to-break-ground-on-egypt-green-hydrogen-project-next-year\/","og_site_name":"KSA","article_published_time":"2025-10-01T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2025\/10\/14.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/01\/acwa-power-to-break-ground-on-egypt-green-hydrogen-project-next-year\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/01\/acwa-power-to-break-ground-on-egypt-green-hydrogen-project-next-year\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Acwa Power to break ground on Egypt green hydrogen project next year","datePublished":"2025-10-01T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/01\/acwa-power-to-break-ground-on-egypt-green-hydrogen-project-next-year\/"},"wordCount":1623,"publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/01\/acwa-power-to-break-ground-on-egypt-green-hydrogen-project-next-year\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/10\/14.jpg?fit=%2C&ssl=1","keywords":["ACWA power","Dar Global","EnterpriseAM KSA","WHAT WE\u2019RE TRACKING TODAY"],"articleSection":["WHAT WE\u2019RE TRACKING TODAY"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/01\/acwa-power-to-break-ground-on-egypt-green-hydrogen-project-next-year\/","url":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/01\/acwa-power-to-break-ground-on-egypt-green-hydrogen-project-next-year\/","name":"Acwa Power to break ground on Egypt green hydrogen project next year - KSA","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/01\/acwa-power-to-break-ground-on-egypt-green-hydrogen-project-next-year\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/01\/acwa-power-to-break-ground-on-egypt-green-hydrogen-project-next-year\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/10\/14.jpg?fit=%2C&ssl=1","datePublished":"2025-10-01T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/01\/acwa-power-to-break-ground-on-egypt-green-hydrogen-project-next-year\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/ksa\/2025\/10\/01\/acwa-power-to-break-ground-on-egypt-green-hydrogen-project-next-year\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/01\/acwa-power-to-break-ground-on-egypt-green-hydrogen-project-next-year\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2025\/10\/14.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/10\/14.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/01\/acwa-power-to-break-ground-on-egypt-green-hydrogen-project-next-year\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/ksa\/"},{"@type":"ListItem","position":2,"name":"Acwa Power to break ground on Egypt green hydrogen project next year"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/ksa\/#website","url":"https:\/\/enterpriseam.com\/ksa\/","name":"KSA","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/ksa\/#organization","name":"KSA","url":"https:\/\/enterpriseam.com\/ksa\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42482.svg","contentUrl":"https:\/\/ent.news\/internal\/42482.svg","caption":"KSA"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2025\/10\/14.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2025\/10\/14.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2025\/10\/14.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/101031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/comments?post=101031"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/101031\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue\/101029"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media\/101032"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media?parent=101031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/categories?post=101031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/tags?post=101031"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/brand?post=101031"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=101031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}