Saudis, Emirates push nuclear power plans
UPI | Lucien Zeigler | 7.27.12
Saudi Arabia is pressing ahead with its ambitious plans to develop nuclear power to meet rising electricity demand and save oil for export.
But the outlook for other Arab states is less promising because of political turmoil and a lack of financial resources.
The Saudis have built a foreign assets cushion of around $500 billion from oil exports. It has used this immense wealth to buy its way out of trouble; for instance, heading off pro-democracy protests with massive social spending in recent years.