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Significance
Egypt and Saudi Arabia are set to become the fourth and fifth nuclear generators. Russia and South Korea are MENA's dominant technology suppliers, but there is also opportunity for China, France, the United States and Japan. Competition to provide fuel, technology and financing feeds into global geopolitical rivalries.
Impacts
Nuclear power will help cut carbon dioxide emissions and reduce oil, gas and coal demand in the MENA region.
Russia will use nuclear energy cooperation to deepen strategic ties with Egypt.
A Trump administration will likely push for tighter inspection of all Iranian nuclear activities.
Keywords:
Middle East,
ME/NAF,
economy,
industry,
energy,
gambling,
government,
nuclear energy,
oil,
reform,
regional,
renewable energy,
Fossil fuels,
Renewable energy,
Uranium
© Oxford Analytica 2024. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2024
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