Channel 12 reports that a new US-Saudi civilian nuclear agreement, valid for 30 years and valued at tens of billions of dollars, is designed to give American companies a leading role in developing Saudi Arabia's nuclear infrastructure while pushing out foreign competitors, according to the report.
Channel 12's Asaf Rosentzweig reported early Wednesday that a new US-Saudi civilian nuclear deal, with a 30-year term and valued at tens of billions of dollars, is being finalized. According to the report, the agreement is designed to give American companies a central role in developing Saudi Arabia's nuclear infrastructure, sidelining other foreign competitors. The deal comes amid broader US efforts to expand civilian nuclear cooperation in the region. Earlier Wednesday, the Wall Street Journal reported that President Trump signed an agreement with Saudi Arabia for a civilian nuclear program, though the Journal report did not specify the scope or timeline. The Channel 12 report provides additional details on the deal's structure and value. The report has not been independently confirmed by official sources.
5 developments
- DevelopingNYT: Trump separates Saudi civilian nuclear deal from normalization condition
- DevelopingTrump administration plans ten commercial nuclear reactors by 2030
- DevelopingUS expects 'black box' safeguards to prevent Saudi nuclear weapons program, officials say
- DevelopingTrump: Iran deal is a wall against nuclear weapons
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