A UAE-Moroccan private venture, Dahamco, is set to invest almost $25 billion in a green hydrogen and ammonia project in Dakhla, Morocco. The project has received approval from the Moroccan government and is planned to be developed in phases. Phase 1 aims to produce one million tonnes per year, with an estimated cost of $4.04 billion. The project has already secured land rights and local authorizations. Dahamco President Tom Hanson mentioned that the project's first phase is expected to be operational by 2031. Morocco is actively promoting green hydrogen projects, with plans to invest in energy projects totaling nearly $60 billion, the majority focusing on green hydrogen and ammonia. Key investors in these projects include Taqa Morocco, AP Moller Capital, Dahamco, Ornx Boujdour, and OCP Group, a major Moroccan phosphate producer. The project's launch date has not been specified yet, but it is expected to commence soon, according to Moroccan sources.