Green Hydrogen Push: ACWA received government approval for exclusive rights to export green hydrogen and derivatives (green ammonia, methanol and fuels), plus to develop renewable electricity production, transmission and export—aimed at turning Saudi clean-energy capacity into long-term low-carbon revenues. Maritime & Port Capacity: Bahri signed a newbuild deal with Grandweld Shipyard for two advanced offshore support vessels for Ras Tanura Port, designed for multi-role offshore services while meeting international safety and environmental standards. Energy Corridor Risk: Reports say Iran fired missiles at commercial ships in the Strait of Hormuz, damaging vessels and raising fears of disruption in a critical shipping lane; oil prices reacted to renewed maritime security concerns. Desalination Meets Decarbonization: The same ACWA approval underscores how Saudi’s water and power infrastructure is being tied to hydrogen and renewable electricity exports. Construction & Codes: A GCC-wide focus on building codes is highlighted as mega-developments grow more complex—positioning standards as a long-term risk and value protection tool. Food & Water Stress Signals: Bahrain’s watermelon demand is surging in heat and humidity, with imports from several countries keeping prices stable—another reminder of climate-linked pressure on food supply chains.