The Gulf Cooperation Council (GCC) is on the path to becoming a leader in the global green hydrogen economy, leveraging its abundant solar resources and strategic geographic location. As the world moves towards net-zero emissions, green hydrogen is gaining prominence as a key element in the transition to low-carbon energy systems. The GCC, with its experience in energy production and export logistics, is gearing up to exploit the potential of green hydrogen, catering to hard-to-abate sectors and creating export opportunities. The International Energy Agency (IEA) forecasts a significant increase in global hydrogen demand, with the Middle East, particularly the GCC, poised to produce over 4 million tons of electrolytic hydrogen by 2030. This surge in production could translate into substantial revenue and job creation in the region, with estimates suggesting potential annual revenues of $120-200 billion by 2050. While the production costs for green hydrogen currently present a challenge due to high electrolyzer expenses, the GCC is optimistic about cost reductions in the future, aiming to achieve a production cost of $1.8-2.0 per kg. The region's focus on research and development, including exploring innovative storage solutions like salt caverns, indicates a commitment to scaling up green hydrogen production. Saudi Arabia and the UAE are at the forefront of the GCC's green hydrogen initiatives, with ambitious projects in green ammonia and green hydrogen production. Saudi Arabia's NEOM project is set to export green ammonia by 2025, showcasing the country's potential as a major player in the global hydrogen market. Similarly, the UAE is actively engaging in partnerships, such as with Germany, to advance its green hydrogen efforts, demonstrating a strong commitment to sustainable energy solutions. The GCC's strategic positioning, coupled with its drive for economic diversification and sustainable development, indicates a promising future as a key player in the global green hydrogen economy.