US and Saudi Arabia Officially Sign Landmark Civil Nuclear Deal
US Secretary of Energy Chris Wright and Saudi Minister of Energy Prince Abdulaziz bin Salman on Wednesday formally signed a peaceful nuclear cooperation agreement, setting the stage for a long-term economic and energy partnership between the two nations.
According to a statement from the Department of Energy, the pact, commonly referred to as a 123 agreement under the Atomic Energy Act of 1954, was executed alongside an accompanying bilateral safeguards agreement. Together, the two documents establish the legal framework for a multi-billion-dollar alliance intended to span decades while reinforcing international nuclear nonproliferation standards.
Under the terms of the agreement, American companies will gain significant commercial access to Saudi Arabia’s emerging nuclear energy infrastructure. Department officials noted that the expanded footprint will directly benefit US manufacturing, industrial workers, and domestic supply chains while assisting Saudi Arabia in addressing its long-term power needs.
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