Middle East to Invest More than $7 Billion in Industrial Gases, an Industrial Info Market Brief

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Industrial Gases such as hydrogen, nitrogen and oxygen play major role in production of chemical and petrochemical production. Industrial Info is tracking 18 industrial gases capital and maintenance projects worth more than $7.41 billion in the Middle East. Saudi Arabia plans to execute Power-to-X (green hydrogen) project for the first time in the region and tops the list with the highest investment value of $5.3 billion for four projects, followed by Iran, which will spend around $2.1 billion for eight projects. Click here for a list of projects and see graph below for investment by country.