Saudi Arabia Announces Its Nuclear Energy Company

Saudi Arabia's governor Prince Abdullah Bin Khalid Bin Sultan stated the Saudi Nuclear Energy Holding Company formation at the IAEA meeting.

Vienna — Prince Abdullah Bin Khalid Bin Sultan announced the Saudi Nuclear Energy Holding Company (SNEHC) formation. Saudi Arabia’s governor to the IAEA announced the company during a meeting of the Board of Governors of IAEA. IAEA is the International Atomic Energy Agency.

He said that the company would participate in nuclear economic projects locally and internationally. Additionally, operating and developing nuclear facilities for power production, water desalination, and developing atomic energy human capital.

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SNEHC, in cooperation with the International Institutes for Atomic Energy Research, will work on creating a national digital platform. To build and attract human capabilities in the field of atomic energy.

In his speech at the IAEA’s Board of Governors session, Prince Abdullah affirmed the Kingdom’s utmost keenness to nuclear safety. He expressed his appreciation for the agency’s efforts to enhance nuclear and radiological safety. Significantly, the difficulties caused by the Covid-19 pandemic in nuclear transportation and waste safety.

He expressed the Kingdom’s concern about Iran’s policy due to the absence of reports and information regarding the safety of the Bushehr reactor. It is the only country with a functioning nuclear power plant and has not yet joined the Nuclear Safety Convention.

The Prince stressed the importance of a comprehensive nuclear agreement with substantial and extended limitations. The deal should cover all the shortcomings of the current agreement and prevent Iran from acquiring nuclear weapons. The new agreement must restrict Iran from developing weapons and their means of delivery.

He called on Iran to cooperate fully with the IAEA and avoid the delay and procrastination in answering the inquiries submitted.

The Prince expressed the Kingdom’s support for all international efforts to prevent Iran from acquiring a nuclear weapon. He also hoped that member states would extend their full support to the agency.

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