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.


Saudi stock market opens its doors to foreign investors

Updated 06 January 2026
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Saudi stock market opens its doors to foreign investors

RIYADH: Foreigners will be able to invest directly in Saudi Arabia’s stock market from Feb. 1, the Kingdom’s Capital Market Authority has announced.

The CMA’s board has approved a regulatory change which will mean the capital market, across all its segments, will be accessible to investors from around the world for direct participation.

According to a statement, the approved amendments aim to expand and diversify the base of those permitted to invest in the Main Market, thereby supporting investment inflows and enhancing market liquidity.

International investors' ownership in the capital market exceeded SR590 billion ($157.32 billion) by the end of the third quarter of 2025, while international investments in the main market reached approximately SR519 billion during the same period — an annual rise of 4 percent.

“The approved amendments eliminated the concept of the Qualified Foreign Investor in the Main Market, thereby allowing all categories of foreign investors to access the market without the need to meet qualification requirements,” said the CMA, adding: “It also eliminated the regulatory framework governing swap agreements, which were used as an option to enable non-resident foreign investors to obtain economic benefits only from listed securities, and the allowance of direct investment in shares listed on the Main Market.”

In July, the CMA approved measures to simplify the procedures for opening and operating investment accounts for certain categories of investors. These included natural foreign investors residing in one of the Gulf Cooperation Council countries, as well as those who had previously resided in the Kingdom or in any GCC country. 

This step represented an interim phase leading up to the decision announced today, with the aim of increasing confidence among participants in the Main Market and supporting the local economy.

Saudi Arabia, which ‌is more than halfway ‍through an economic plan ‍to reduce its dependence on oil, ‍has been trying to attract foreign investors, including by establishing exchange-traded funds with Asian partners in Japan and Hong Kong.