Saudi Arabia is set to witness major developments in nuclear sector: IAEA chief

IAEA Director General Rafael Mariano Grossi expressed his delight and admiration for Saudi Arabia’s nuclear capabilities and high professionalism within the sector. 
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Updated 13 December 2023
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Saudi Arabia is set to witness major developments in nuclear sector: IAEA chief

RIYADH: Saudi Arabia is poised to witness significant developments in its nuclear sector, according to the International Atomic Energy Agency.

In his first visit to the Kingdom, IAEA Director General Rafael Mariano Grossi expressed his delight and admiration for Saudi Arabia’s nuclear capabilities and high professionalism within the sector. 

Grossi also acknowledged Saudi Arabia’s imminent entry into nuclear operations, starting with a research reactor and paving the way for more extensive facilities in the future, expressing confidence in the preparedness of the Saudi workforce to embrace this new chapter in the Kingdom’s development.

“Saudi Arabia is on the doorsteps of nuclear operation starting with this research reactor, and later with bigger facilities. So I think the workforce here, the professionals, the women and men that work in the Saudi nuclear sector, are perfectly prepared to look into this new chapter in the life of the Kingdom,” Grossi told Al Ekhbariya.

The IAEA chief commended the collaborative efforts of various institutions, including the Ministry of Energy, and emphasized the positive impact of the IAEA’s presence in advising and accompanying the Kingdom in its nuclear endeavors.

He said: “I am really delighted. I’m very impressed by the degree of professionalism I see in the Saudi nuclear sector, the nuclear regulator here, the Ministry of Energy.”

Grossi emphasized the importance of planning, scientific skill development, and the upcoming commissioning of a low-power research reactor as significant milestones for Saudi Arabia’s nuclear operations.

The top official said: “When we talk about the nuclear regulator, it is the institution that must make sure that all these activities will not have any negative impact on the country, that will be a perfect protection of the population.”

According to Al Ekhbariya, Grossi toured the regulatory laboratories during his visit, accompanied by Khalid Al-Issa, CEO of the Saudi Nuclear and Radiological Regulatory Commission. 

Grossi was briefed on the advanced technologies and procedures employed in the nuclear and radiation energy sector, underscoring the Kingdom’s commitment to utilizing the latest innovations and ensuring the highest safety standards.

He familiarized himself with the national capabilities in nuclear emergency operations, environmental radiation monitoring, and early warning systems.

The director general’s visit reaffirms the IAEA’s commitment to supporting Saudi Arabia’s nuclear ambitions and signifies a positive collaboration between international and national institutions.


Closing Bell: Saudi Arabia’s main index closes in red at 10,364 

Updated 04 January 2026
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Closing Bell: Saudi Arabia’s main index closes in red at 10,364 

RIYADH: Saudi Arabia’s Tadawul All Share Index closed lower on Sunday, shedding 185.05 points, or 1.75 percent, to end the session at 10,364.03. 

Total trading turnover on the benchmark index stood at SR2.55 billion ($680 million), with 20 stocks advancing and 237 declining. 

The Kingdom’s parallel market Nomu also retreated, falling 0.63 percent, or 147.19 points, to close at 23,371.82. 

The MSCI Tadawul Index slipped 1.71 percent to 1,369.56. 

Saudi Industrial Export Co. was the top gainer on the main market, with its share price jumping 9.87 percent to SR2.56. 

Shares of Naqi Water Co. rose 2.53 percent to SR58.80, while Shatirah House Restaurant Co. advanced 2.18 percent to SR9.39. 

On the downside, Gulf Union Alahlia Cooperative Insurance Co. posted the steepest decline, with its share price falling 4.61 percent to SR10.14. 

On the announcements front, Scientific & Medical Equipment House Co. said it had been awarded a contract valued at SR260.98 million by the Ministry of Human Resources and Social Development to supply uncooked food materials and catering items to beneficiaries at the ministry’s residential branches across the Kingdom.  

The project scope also includes providing cooked meals to selected anti-begging offices over a 24-month period, according to a Tadawul statement. The company added that the financial impact of the contract will begin in the fourth quarter of this year. 

It said further developments would be disclosed in due course after all relevant parties sign the final contract and a copy is received. 

Shares of Scientific & Medical Equipment House Co. edged up 0.31 percent to SR32.44. 

Separately, Dr. Soliman Abdel Kader Fakeeh Hospital Co. and its subsidiaries signed an agreement with Oloof Development Co., a wholly owned subsidiary of Jazan Municipality, to lease a strategic land plot in Jazan City for SR217.99 million. 

According to a Tadawul statement, the land, which spans 34,581 sq. meters, will be used to develop an integrated healthcare facility under a 50-year lease. 

The company said the financial impact of the agreement is expected to begin once the medical facility is completed and becomes operational. 

Shares of Dr. Soliman Abdel Kader Fakeeh Hospital Co. fell 1.92 percent to SR33.74.