A shortage of natural gas has Saudi Arabia and the United Arab Emirates looking to nuclear power to meet their increasing energy needs. The U.A.E. has already signed a $20 billion deal with a South Korea company to build four facilities, while Saudi Arabia recently announced it will develop a city centered on nuclear and renewable power. The shift, analysts say, will also serve as preparation for an era when countries are sanctioned for greenhouse-gas emissions. Bloomberg
Friday, August 6, 2010
Arab States Go Nuclear to Close Power Gap, Catch Up With Iran
A shortage of natural gas has Saudi Arabia and the United Arab Emirates looking to nuclear power to meet their increasing energy needs. The U.A.E. has already signed a $20 billion deal with a South Korea company to build four facilities, while Saudi Arabia recently announced it will develop a city centered on nuclear and renewable power. The shift, analysts say, will also serve as preparation for an era when countries are sanctioned for greenhouse-gas emissions. Bloomberg
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