$80bn for Riyadh King Abdullah City for Nuclear and Renewable Energy 2020

Saudi Arabia, the Arab world’s largest economy,

said in April it will start a civilian nuclear and renewable energy center to help meet increasing demand for power and to supervise its atomic-energy program. The kingdom will spend $80 billion to increase its power-generation capacity and transmission network in the next decade as demand rises to 65,000 megawatts in 2018, up from 41,200 megawatts last year.

King Abdullah bin Abdul Aziz:

The King Abdullah City for Nuclear and Renewable Energy will be built in Riyadh, the kingdom’s capital, the state-owned Saudi Press Agency said, citing a royal order from King Abdullah. The new center will draft a national policy for nuclear power use and supervise the kingdom’s atomic energy and nuclear waste. It will represent Saudi Arabia at the Vienna- based International Atomic Energy Agency.

source: businessweek.com

Saudi Arabia, the Arab world’s largest economy