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France May Build Nuclear Reactors in Saudi Arabia

France May Build Nuclear Reactors in Saudi ArabiaFrance May Build Nuclear Reactors in Saudi Arabia

France said Friday it would look into building two nuclear reactors in Saudi Arabia as part of a multi-billion-euro package of deals.

A feasibility study will be carried out to build two European Pressurized Reactors in Saudi Arabia, French Foreign Minister Laurent Fabius announced after a meeting with Saudi Defence Minister Prince Mohamed bin Salman in Paris, AFP reported.

In addition to the feasibility study, France will sign an agreement to train the Saudis on nuclear safety and the treatment of nuclear waste.

A French diplomatic source told AFP that if the nuclear reactors are built the deal would be worth at least $10 billion.

A number of cooperation documents were signed by Russia and Saudis two weeks ago after President Putin met with Saudi Prince Mohammed at the international economic forum in St. Petersburg.

The pair signed a cooperation agreement on a peaceful nuclear program. The Persian Gulf kingdom has no industrial nuclear power plants but has big plans for developing nuclear energy.

 

Financialtribune.com