Saudi Arabia's NEOM Green Hydrogen Project, a joint venture by ACWA Power, Air Products, and NEOM, has made significant progress with 80% of its construction work completed. The project, located in the futuristic city of NEOM, includes a large-scale green hydrogen production facility, solar and wind farms, and an integrated transmission grid. Once operational, it aims to be the largest renewable-powered ammonia production facility globally, producing 600 metric tonnes of green hydrogen daily for industrial and transportation decarbonization. Despite global challenges facing green hydrogen projects, the NEOM Green Hydrogen Company (NGHC) has made strides in securing demand commitments. A memorandum of understanding with SEFE to supply green hydrogen to European buyers signals potential for a 'hydrogen bridge' between Saudi Arabia and Europe. This progress contrasts with the limited offtake agreements in the industry, where only 12% of green hydrogen plants have firm customer purchase commitments. The project's alignment with Saudi Vision 2030 and the Saudi Green Initiative underscores its strategic importance for the country's energy transition and global decarbonization efforts.