Saudi Arabia Plans Uranium Enrichment Initiative

Saudi Arabia is advancing its nuclear ambitions by planning to enrich and sell uranium, as announced by Energy Minister Prince Abdulaziz bin Salman at a conference in Dhahran. The kingdom aims to produce 'yellowcake,' a crucial component for nuclear fuel preparation, while emphasizing its commitment to diversifying its energy portfolio. This move comes amid regional tensions, particularly with Iran, and follows Crown Prince Mohammed bin Salman’s previous statements suggesting that Saudi Arabia might pursue nuclear weapons if Iran does. Unlike Saudi Arabia, the United Arab Emirates has successfully established a nuclear energy facility without engaging in uranium enrichment. Furthermore, Saudi Arabia's transition to regular oversight by the U.N. atomic watchdog is anticipated by the end of 2024, as it seeks to expand its nuclear capabilities despite not yet having operational reactors. The kingdom's plans signify a significant shift in its mineral sector strategy, highlighting its ambitions to become a key player in the nuclear domain.