The United States and Saudi Arabia signed a landmark 30-year nuclear power agreement valued at tens of billions of dollars. The deal involves the construction of Westinghouse AP1000 reactors across the kingdom.
Cameco holds a substantial ownership stake in Westinghouse Electric Company. This partnership significantly expands Westinghouse’s project pipeline and strengthens Cameco’s long-term strategic position in the global nuclear industry.
The agreement will initiate with a feasibility study on the use of U.S. technology in Saudi Arabia. The scale of this investment underscores growing global momentum for nuclear energy and benefits suppliers in stable jurisdictions.