NDTV·2 min read·medium
Saudi Has Trillions In Oil Wealth, But Here's Why It Wants Nuclear Power
✦AI Summary
Despite its vast oil wealth, Saudi Arabia has faced frequent budget deficits, prompting the government to pursue nuclear power as a strategic economic diversification effort. This move aims to reduce domestic reliance on oil for electricity generation.
Even though Saudi Arabia has a lot of oil and other natural resources, the government has recorded budget deficits in nine of the last 10 years.
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