Saudi Arabia’s nuclear program ‘fundamental to Kingdom’s energy sector’

1 / 3
Saudi Energy Minister Khalid Al-Falih speaking at the IAEA’s annual conference in Vienna. (SPA)
2 / 3
Saudi Energy Minister Khalid Al-Falih speaking at the IAEA’s annual conference in Vienna. (SPA)
3 / 3
Saudi Energy Minister Khalid Al-Falih speaking at the IAEA’s annual conference in Vienna. (SPA)
Updated 18 September 2018

Saudi Arabia’s nuclear program ‘fundamental to Kingdom’s energy sector’

JEDDAH: Saudi Arabia’s atomic energy program is fundamental for developing a sustainable energy sector, a senior minister told the International Atomic Energy Agency on Monday.
The Kingdom plans to start building its first two nuclear power reactors this year and as many as 16 over the next 25 years at a cost of more than $80 billion. The plan is to provide 15 percent of Saudi Arabia’s power from nuclear by 2032.
Speaking at the IAEA’s annual conference in Vienna, Energy Minister Khalid Al-Falih said the atomic reactor projects were were part of the Kingdom’s Vision 2030 to diversify its energy sources to nuclear and renewables.
The program “abides by all international treaties and conventions and best practices, adhering to the highest standards of safety, security and transparency,” Al Falih said.
The minister said Saudi Arabia was committed to the Treaty on the Non-Proliferation of Nuclear Weapons, which calls for nuclear disarmament and stresses the commitment of nuclear power states to share their peaceful technologies with abiding member states.
He also said the Kingdom had called for cooperation with the international community to make the Middle East a nuclear weapons free area.
The US has started to reintroduce heavy sanctions against Iran over its nuclear program, after Donald Trump pulled out of a deal with the country earlier this year to curb its atomic ambitions.
Al-Falih called on the international community to take a more stringent stance against all threats to regional and international security, particularly Iran, given its “alarming efforts to build its nuclear capabilities, in tandem with its increasing acts of sabotage and aggression against other states in the region.”


Misk Initiatives Center signs 12 deals to develop youth talent

Updated 15 November 2019

Misk Initiatives Center signs 12 deals to develop youth talent

  • MoUs with top firms such as Chinese tech giant Huawei, French oil major Total open new opportunities

RIYADH: The Prince Mohammed bin Salman’s Foundation Misk Initiatives Center has signed 12 memorandums of understanding (MoU) on the sidelines of the Misk Global Forum in Riyadh with local and international companies to support and develop youth talent.

Among the companies were the Chinese tech giant Huawei, the French oil firm Total, the Emirati Federal Youth Authority, and the Ministry of Economy and Planning.

The agreements stipulated joint work between the two parties in the fields of talent development in Saudi Arabia and information and communications technology, in accordance with the National Transformation Program 2020 and the Kingdom’s Vision 2030. 

This initiative aims to find ways of cooperation and employment opportunities between the two parties.

The MoU signed between the center and the Emirati Federal Youth Authority provides for the enhancement of joint cooperation in support of youth. 

The two parties will seek to discuss future cooperation, to build a strategic partnership between the two parties in exploring potential cooperative opportunities and setting a framework for such cooperation, in addition to organizing the exchange of technologies and innovations through the joint organization of courses, forums and workshops.

The MoU aims at creating a specialized scientific dialogue between the two parties, conducting joint research at the institutes in the field of entrepreneurship and the skills of the future, considering launching joint initiatives, and examining the possibilities of cooperative programs based on the extensive experience of Misk and the Federal Youth Authority.

Misk’s Initiatives Center agreement with Total will promote joint cooperation, find training opportunities for Saudi talent at the company’s headquarters and facilities, and cooperate on educational programs that support entrepreneurship and an ecosystem for startup companies, especially in the fields of energy and technology.

The Misk Global Forum also witnessed the signing of a MoU with “Hub71” to promote learning and leadership among Saudi youth, and enhance opportunities for joint collaboration, in addition to two MoUs with 500 startups and seed stars “to promote joint cooperation between the two parties, to develop and grow the business of startups and provide them with the necessary
environment.”

Misk also signed a MoU with the Public Institution for Education and Global Leadership to promote joint cooperation and achieve the objectives of both sides, to support innovation initiatives that instill the entrepreneurial mindset of young people, as well as the establishment and organization of entrepreneurship approaches. 

Both parties agreed to focus on exploring potential collaborative opportunities related to the Entrepreneurship World Cup, and establish a competition with competitors coming from 170 countries.

Both parties also agreed to support international competitions aimed at identifying the best solutions in various fields and sectors, as well as exchanging programs on entrepreneurship and innovation.

The center has signed a MoU with the Saudi Industrial Development Fund to discuss the possibility of providing training programs and courses for the center’s employees of the Fund and the relevant authorities. In addition to discussing available opportunities for cooperative training within the Fund, and providing opportunities for participation and contribution of the Fund’s staff in Misk’s programs.

The MoU aims to explore the benefits of existing agreements between the two parties with international financial and educational institutions, in order to find opportunities that provide programs, training and educational courses, and granting cooperative trainings for Saudi youth in those global institutions.

The center also signed a MoU with the Islamic Educational, Scientific and Cultural Organization (ISESCO), aiming to enhance joint cooperation on educational technology and its integration into the educational systems in the Islamic world.

An MoU with King Abdullah University of Science and Technology (KAUST) will enhance the cooperation between the two parties in several initiatives, including academic development, training, entrepreneurship and innovation programs.

An MoU with Endeavor Saudi Arabia will support the Kingdom’s youth, enhance their talents and potential, stimulate economic growth, and find ways of cooperation between the two parties that serve their common interests.

The center’s MoU with the Ministry of Economy and Planning aims to spread awareness, provide new information on the education and training of human resources in the administrative and economic fields, youth empowerment, and coordinate efforts to raise their abilities.

The MoU aims to create cooperative training opportunities in local and international institutions with the purpose of workforce growth in the Kingdom’s economic sector, contributing to the development of national competencies in the economy, policies and procedures, strategic planning, in addition to providing job opportunities for graduates from areas that serve the interests of both parties and support the achievement of the Kingdom’s Vision 2030.