MUSCAT : These incentives, based on feedback from a developer survey conducted earlier this year and in response to evolving global energy market trends, are within the framework of the company’s efforts to strengthen Oman’s position as a qualified and sustainable global hub for green hydrogen production.

The package includes a 90 percent reduction in land use fees during the development phase; potential additional exemptions during the preliminary engineering design phase; reductions in basic fees in the first years of production; and tax exemption for up to ten years.

These incentives aim to enhance the economic feasibility of projects during their early stages, increase their investment attractiveness by raising the internal rate of return, and accelerate the process of reaching the final investment decision.

Eng. Abdul Aziz bin Saeed Al Shidhani, General Manager of Hydrom, pointed out that the global green hydrogen sector is witnessing a reshaping of competition, with developers turning their attention to countries that offer stable regulatory frameworks, strong economic feasibility, and promising opportunities for commercializing production.

He added that this incentive package supports Oman’s strategy to build an integrated investment ecosystem capable of attracting and fast-tracking major hydrogen projects.

As part of the third bidding round, Hydrom is offering a 300-square-kilometre plot in Duqm, with a minimum bid size of 100 square kilometres. Developers have the flexibility to define their project scope and choose outputs aligned with their strategic plans, whether in green hydrogen or its derivatives.

Since the bidding round’s launch in April 2025, nearly 100 global companies and alliances involved across the green hydrogen value chain have registered interest—a strong indicator of Oman’s growing reputation as an investment destination.

Eng. Al Shidhani emphasised that the third bidding round aims to attract capital and large-scale projects within an integrated national framework that supports the rollout of green hydrogen initiatives.

Registration for the third bidding round is open until October 31, 2025, via Hydrom’s official platform.

Hydrom is also preparing to release an updated version of its Alliance Support List, a tool that facilitates collaboration between qualified companies seeking strategic partnerships in hydrogen development.

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