INSEAD Day 4 - 728x90

Business

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

Saudi Arabia shows interest to develop nuclear reactors

Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al-Saud.
By TRENDS Desk
March 27, 2022 6:58 pm
  • The kingdom's Minister of Energy, Prince Abdulaziz bin Salman, said that Saudi Arabia isn’t looking for funding from any country to help it with its energy transition plan
  • “The future of the world and society lies not in us waiting for someone else to build the things we should use, but for us to build them ourselves,” he added

Saudi Arabia has evinced interest to develop small modular nuclear reactors in order to generate electricity for remote areas of the kingdom.

The kingdom’s Minister of Energy, Prince Abdulaziz bin Salman, said that Saudi Arabia isn’t looking for funding from any country to help it with its energy transition plan. These small reactors, also known as SMRs, will help to generate electricity to power remote areas.

He told GEC 2022 in Riyadh that the Kingdom will develop more technologies at home to limit the risk to the planet.

“The future of the world and society lies not in us waiting for someone else to build the things we should use, but for us to build them ourselves,” he added.

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INSEAD Day 4- 300x600
INSEAD Day 4- 300x600
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