Saudi Arabia confirms the creation of a holding company to develop nuclear facilities


Saudi Arabia has confirmed the establishment of a nuclear power holding company that will help develop nuclear facilities in the kingdom, reports the Saudi Gazette quoting Saudi Arabia’s governor to the International Security Agency atomic energy, Prince Abdullah Bin Khalid (IAEA).

The announcement was reportedly made during a speech at the session of the IAEA Board of Governors.

The existence of Saudi Nuclear Energy Holding Company was confirmed in an undated statement posted on the website of King Abdullah City for Atomic and Renewable Energy (KACARE), a legally independent research organization headed by the Minister of Energy, of Industry and Mineral Resources.

The development of the country’s atomic energy industry is one of KACARE’s responsibilities.

According to the reported statement made to the IAEA, the holding company will be used to participate in nuclear economic projects locally and internationally, as well as to develop local talents in the field of atomic energy, in addition to launching installations. nuclear power generation.

The governor is said to have expressed “his gratitude for the agency [IAEA’s] efforts to strengthen nuclear and radiation safety, transport and waste safety, particularly in light of the challenges posed by the Covid-19 pandemic” in his speech.

According to a Reuters report, IAEA Director General Rafael Grossi revealed on February 16 that the agency was working with Saudi Arabia to help it develop nuclear power.

Prince Abdulaziz bin Salman previously said at the Future Minerals Summit in Riyadh on January 12 that Saudi Arabia has vast reserves of uranium ore which it intends to use to develop a mining program. ‘nuclear energy.

Separately, the Saudi official reportedly expressed “concern” about Iran’s nuclear policy during his speech to the IAEA, citing “the lack of reports and information regarding the safety of the Bushehr reactor, especially since it is the only country with a functioning nuclear power plant that has not yet acceded to the Convention on Nuclear Safety.”

He also reportedly urged Iran to “cooperate fully with the IAEA” and avoid delays in line with talks in Vienna.


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