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Nuclear Deal Spurs Saudi Economy
Saudi Arabia and the United States have signed a civil nuclear cooperation agreement and a bilateral safeguards agreement, reinforcing their strategic partnership in peaceful nuclear energy. The agreement aims to develop an integrated nuclear sector, transfer advanced technologies, and diversify the energy mix to support the goals of "Vision 2030" and transform Saudi Arabia into a regional hub for advanced industries and technologies. It also solidifies the Kingdom's reliability in global markets, enhances its appeal for strategic investments, and extends the partnership for up to 30 years to support knowledge transfer and the qualification of national competencies, thereby strengthening the long-term competitiveness of the Saudi economy.
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