The Institute for Energy Economics and Financial Analysis (IEEFA) has underlined the Middle East and North Africa (MENA) region's capacity to lead the way in the worldwide transition to green steel. The region stands to benefit from its competitive edge in renewable energy, green hydrogen, and steel production. The IEEFA has outlined various strengths of the MENA region, including its gas-powered direct reduced iron production, access to vital feedstocks like direct reduced-grade pellets and fossil gas, cost-effective renewable energy sources, and the increasing focus on hydrogen investments. These factors collectively position the MENA region as a strong competitor in the global green transition. It is recommended that the MENA region seizes this opportunity by effectively supplying green steel to major markets such as Europe and Asia, leveraging its strategic advantages to establish a prominent presence in the green steel industry.