16 nuclear reactors to be ready by 2030

Updated 27 August 2013
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16 nuclear reactors to be ready by 2030

Saudi Arabia intends to become a leader in renewable energy by building 16 nuclear reactors with a combined capacity of 22GW, which is about half of the Kingdom’s current electricity output. The project is estimated to cost of more than $100 billion.
Abdul Ghani bin Melaibari, coordinator of scientific collaboration at King Abdullah City for Atomic and Renewable Energy, confirmed the plan, adding that the first two reactors would be ready within 10 years.
However, he pointed out the cost building nuclear reactors in the Kingdom would be comparatively higher because of its extreme hot climate. He also stressed the need to train Saudis to operate and maintain such plants.
Melaibari said the cost of building and operating nuclear plants in France, Russia, South Korea and Japan differs from one country to another, depending on the technology they adopt, infrastructure facilities in place and the availability of cheap manpower.
Saudi Arabia and its Gulf neighbors regard nuclear power as a way to meet rising electricity demand while reducing reliance on polluting fossil fuels, say analysts.
“After 10 years we will have the first two reactors,” Melaibari told Arab News. “After that, every year we will establish two, until we have 16 by 2030. We would like to cover 20 percent of electricity needs using nuclear energy.”
He estimated the cost of each reactor to be around $7 billion, adding that the Kingdom is in the process of concluding deals with specialized companies to implement the project.
Many nations have taken a step back from nuclear plans following the accident at the Fukushima Daiichi plant in Japan. But GCC states are pursuing their plans with major investments in nuclear power.
The UAE in December 2009 awarded a South Korean consortium the contract to build four nuclear power plants worth $20.4 billion.
Power demand in Saudi Arabia is estimated to grow seven to eight percent during the next 10 years. It is the largest economy of the GCC, with an annual GDP of $622 billion and a GDP per capita of $24,200.


Riyadh to host forum to observe World Heritage Day next year

Riyadh hosts the sixth National Urban Heritage Forum in April with its focus on investment opportunities in the urban heritage. (Reuters)
Updated 12 min 13 sec ago
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Riyadh to host forum to observe World Heritage Day next year

  • forum will encourage private investment to capitalize on the country’s rich urban heritage
  • Saudi Commission for Tourism and National Heritage hosts the forum each year in a different part of the Kingdom

RIYADH: The Saudi capital will host the sixth National Urban Heritage Forum (NUHF) next April to coincide with World Heritage Day, with its focus on investment opportunities in urban heritage.

“The four-day National Built Heritage Forum will be launched in Riyadh on April 15,” said Majed Alshadeed, a spokesman for the Saudi Commission for Tourism and National Heritage (SCTH), on Thursday, adding that the forum will culminate on April 18, World Heritage Day. World Heritage Day is celebrated every year on April 18 with the aim of preserving the human heritage and recognizing the efforts of the relevant organizations in the field.

Organized by SCTH under the umbrella of the Custodian of the Two Holy Mosques Cultural Heritage Program, the 6th forum will encourage private investment to capitalize on the country’s rich urban heritage.

The forum will look at developing business models in the management and development of — and investment in — urban heritage sites, as well as the development of crafts and handicrafts.

The heritage forum is organized each year by the SCTH in a different province in collaboration with the relevant governorates, municipalities and local universities, following the recommendations of the first International Conference for Urban Heritage in the Islamic Countries, which was held in Riyadh in 2010.

The first session of the NUHF was organized in Makkah province, the second in the Eastern Province, the third in Madinah province, the fourth in Asir province and the fifth in Al-Qassim province.

Next year’s forum seeks to invest the expertise, knowledge and experience that the SCTH has gained and transfer it to the four economic sectors working in urban heritage. These sectors are construction, restoration and contracting, site operation, human resources development, and services and industries related to urban heritage.

The forum will include the distribution of prizes to the projects winning the Prince Sultan bin Salman Urban Heritage Awards, exhibitions, scientific sessions, workshops and business meetings with Saudi and international experts and consultants to discuss investment opportunities in urban heritage. There will also be a specialized expo for companies and institutions working in the sectors of the economics of architectural heritage, restoration and engineering consultancy.