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Saudi Arabia develops nuclear plans with local uranium deal

Saudi Arabia develops nuclear plans with local uranium deal

Saudi Arabia announced significant progress in developing its peaceful nuclear program to enhance national energy security and diversify energy sources. This included exploring local uranium resources, where geological studies revealed approximately 110 million tons of ore containing minerals and rare earth elements, with paper indicators suggesting the presence of uranium, currently being evaluated for their economic viability. Saudi Arabia is also collaborating with the United States under an agreement for peaceful nuclear cooperation, aiming to exchange expertise and strengthen national capabilities. Additionally, a project has been launched to build the country's first nuclear power plant to support sustainable electricity supply and increase local content in the nuclear industries. Saudi Arabia emphasizes that its peaceful program adheres to the highest standards of security and transparency, with ongoing development of legislative and regulatory frameworks, to enhance its position as a leading source of nuclear energy and strategic minerals.

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