Saudi Arabia has officially signed a significant, long-term green hydrogen export agreement with South Korea, marking one of the largest bilateral clean-energy deals executed in 2025. The agreement was announced on December 7 during the high-level Saudi–Korea Strategic Dialogue held in Riyadh. This partnership is crucial for both nations, aligning South Korea’s energy transition needs with Saudi Arabia’s ambitious energy diversification agenda.
The comprehensive deal includes joint investments valued at approximately $6.2 billion aimed at rapidly scaling up the necessary production and logistics infrastructure. Key development areas include expanding hydrogen and green ammonia production facilities in NEOM’s Oxagon industrial complex and the construction of a dedicated shipping terminal at the Port of Duba on the Red Sea. Starting in 2028, South Korea is contracted to receive up to 200,000 tons of Saudi-produced green ammonia annually, providing a stable supply of clean fuel for its industrial and transport sectors.The agreement reflects Saudi Arabia’s strategic goal, established under Vision 2030, to become a top-three global supplier of clean hydrogen by 2035. By leveraging its vast solar and wind resources to power electrolysis, the Kingdom is transforming its identity from an oil exporter to a major global provider of clean energy, cementing NEOM’s emerging role as a global renewable energy hub.
