In a notable development, HSF in Riyadh has advised Air Products Qudra for Energy on a groundbreaking joint venture with Saudi Aramco. The transaction involves Saudi Aramco acquiring a 50% stake in Blue Hydrogen Industrial Gases Company (BHIG), a subsidiary of APQ. Both entities will then hold an equal share in BHIG, reflecting their mutual dedication to enhancing hydrogen production and advancing sustainable energy solutions. This partnership is a significant advancement towards a sustainable future in Saudi Arabia and the broader region, with a focus on establishing a low carbon hydrogen facility to support the transition to clean energy, in line with the objectives of Saudi Vision 2030. The legal advisory team, led by Riyadh partners Joza AlRasheed and Alexander Currie, played a key role in facilitating this transaction, highlighting the importance of energy transition and sustainable practices. Joza AlRasheed emphasized the team's commitment to promoting sustainable energy and the role of hydrogen production in Saudi Vision 2030. This joint venture signifies a crucial strategic move towards cleaner energy sources and aligns with the vision of a more sustainable and environmentally conscious energy sector for Saudi Arabia.