Saudi Arabia Ammonia Fuelled Ships Market Size, Share & Trends Analysis Report By Ship Type (Cargo Ships, Tankers, Container Ships, Others), By Propulsion Type (Internal Combustion Engines, Fuel Cells, Hybrid Systems) and Forecasts, 2025-2033

Saudi Arabia Ammonia Fuelled Ships Market Insights

Saudi Arabia presents a high-growth environment for ammonia fuelled ships, backed by its Vision 2030 sustainability roadmap and strategic investments in green hydrogen and ammonia production. The Kingdom’s robust petrochemical infrastructure and port connectivity across the Red Sea and Arabian Gulf provide a conducive foundation for ammonia bunkering networks. The primary driver is the government’s focus on diversifying its energy portfolio and positioning itself as a global exporter of green ammonia. However, current shipping fleets in Saudi Arabia are still heavily reliant on traditional fuels, and the transition cost to ammonia remains a significant restraint. The opportunity lies in integrating ammonia propulsion into national shipping fleets, particularly for oil tankers and LNG carriers that traverse global trade routes. Additionally, collaborations with South Korean and Japanese shipbuilders for ammonia-ready vessels signal a strong market trend. Supported by government-led pilot projects and NEOM’s clean energy ambitions, the Saudi market is projected to expand at a CAGR of around 8.5% through 2032.