JEDDAH: Saudi Arabia will spend more than $100 billion to establish 16 nuclear energy plants in different parts of the country within the next few years, Commerce and Industry Minister Abdullah Zainal Alireza told a Saudi-US business forum in Atlanta.
| Is the nuclear power a by-product of weapons development or vice-versa? |
He made this comment while talking about the Kingdom's efforts to develop solar and other renewable energy technologies to reduce dependence on oil and gas.
"We have allocated $3 billion to produce solar energy panels in Jubail and Yanbu," he added.
Alireza said Saudi imports from the US are expected to cross $95 billion or 23 percent of the total US exports to Arab countries by 2012. |