Saudi Arabia’s Nuclear Ambitions Part of Broader Strategy

Saudi Arabia’s recent announcement that it plans to build 16 large reactors by 2030 may have seemed incongruous in the wake of the Fukushima crisis. In fact, it actually buttresses the Middle East’s current trajectory as a major future market for nuclear energy and underscores the continuing attractiveness of nuclear power for industrially underdeveloped economies. Moreover, given the sheer size of the plan — well more than $100 billion will go to the reactors alone — Riyadh is in a position to set terms and use the project to enhance new partnerships while balancing old ones. The kingdom’s interest in […]

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