Saudi Arabia’s Crown Prince May Provide Boost To US Nuclear Industry
13th November 2025
When the future King of Saudi Arabia, Crown Prince Mohammed bin Salman (MBS) visits the White House on November 18th, he will bring with him a number of major agreements and business deals. Among these may be the long-awaited US-Saudi Nuclear Energy Cooperation Agreement (referred to as a “123 Agreement”, the section of the Atomic Energy Act that governs US technology transfer to international partners). That agreement, under discussion for over a decade, appears to be close to finalization and may lead to significant business for US nuclear companies.This pact would enable the transfer of US nuclear technology, materials, and expertise to Saudi Arabia, facilitating Riyadh’s civil nuclear program that aims to build at least two large pressurized water reactors (PWRs) on the Arabian Gulf under a new holding company, the Duwayhin Nuclear Energy Company (DNEC).
DNEC submitted a site license application to the Saudi Nuclear and Radiological Regulatory Commission (NRRC) in May 2022 for its flagship Duwaiheen Nuclear Power Plant on the Gulf coast, targeting an initial capacity of 2.8 GW. Observers note that 2.8 GW matches the output of two of KEPCO’s AP-1400 reactors, the same built across the border in UAE, leading many to speculate that the Koreans have been in the lead for supplying the Saudi’s nuclear plant technology.
The associated tender for the two Duwaiheen plants, launched in 2022, has faced multiple delays. Initially slated for bids in April 2024, the deadline shifted repeatedly and still remains pending. Analysts have understood it to be the Saudi’s intention to delay selection until after a 123 Agreement is signed in order to enable US companies to bid on the project and to ensure that the Saudi program has a nod of approval from the US.