The HyDuqm green hydrogen project, a joint effort by Engie and Posco, is set to revolutionize Oman's renewable energy landscape. The consortium aims to invest $7-$8 billion to develop 5 GW of new wind and solar capacity alongside a renewable hydrogen plant capable of producing up to 200,000 tonnes of hydrogen annually. With a 340 sq km block secured in Duqm, the project is a significant step towards achieving Oman's goal of generating 1 million tonnes of renewable hydrogen by 2030, requiring a substantial $35 billion investment. Public-private partnerships and policy-driven risk mitigation are crucial elements for attracting investment and ensuring project bankability. The project's ambition to supply green ammonia to South Korea highlights the importance of clear pricing structures and long-term contracts to make green hydrogen projects financially viable and attractive to investors. HyDuqm underscores the necessity of government support through incentives like loan guarantees and subsidies to bridge the financing gap and drive the transition towards sustainable energy sources in Oman.