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Home » Oman Explores Investment Opportunities in Green Energy with Italy & Switzerland
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Oman Explores Investment Opportunities in Green Energy with Italy & Switzerland

By Saur News Bureau Tue, Jun 27th, 2023
Oman green energy projects
Oman Explores Investment Opportunities in Green Energy with Italy & Switzerland
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Oman is emerging as one of the favourite countries in the middle-east region for renewable resources and green hydrogen. It has already started the development of a green hydrogen based sector in line with the government’s net zero strategy. Recently,to this end, a high-level Omani delegation led by Mohsin bin Hamad Al Hadhrami, Undersecretary of the Ministry of Energy and Minerals, visited Italy and Switzerland.

Discussions were held in the areas of renewable energy and green hydrogen towards the further consolidation of bilateral ties in Italy. Investments to Oman were discussed and knowledge was also exchanged with leading companies, institutions and research institutes in Italy. The main  focus was to identify potential areas of synergy and form joint ventures across various sectors of the energy industry. However,the prime focus was on sustainable technologies and innovations.

The delegation included participants from the Ministry of Energy and Minerals and the Authority for Public Services Regulation, (APSR), in the presence of representatives of the Embassy of the Sultanate of Oman to the Republic of Italy.

Later, the delegation visited Switzerland to participate in the Business Forum of the Omani-Swiss Friendship Association. The forum discussed best practices and  future prospects in key sectors such as renewable energy, green hydrogen, storage systems and carbon neutrality.

Al Hadrami highlighted the Sultanate of Oman’s  commitment to transitioning into a sustainable economy and creating favourable  environment for green investments. He further stressed  on the importance of co-operation, experience sharing, and knowledge exchange between the Sultanate of Oman and Switzerland, particularly in the energy sector.

Dr. Firas Al Abduwani, Director General of the Directorate General of Renewable Energy and Hydrogen at the Ministry of Energy and Minerals, spoke about Oman’s strategic approach to green hydrogen .

The forum also discussed the investment opportunities, expertise and capabilities present in the country,mainly in the areas of hydrogen and renewable energy.

It may be noted that Oman has an ambitious plans of emerging as a global leader in hydrogen exports by 2030 and has the goal of 20 per cent electricity generation from renewable sources by 2040.

carbon neutrality Greem Hydrogen Omani-Swiss Friendship Association renewable energy storage systems
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