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Saudi Arabia Seeks Nuclear Power Despite Oil Wealth
in5points
Saudi Arabia has recorded budget deficits in nine of the last 10 years.
The country aims to diversify its energy sources beyond oil.
Nuclear power is seen as a solution to reduce domestic oil consumption.
Freed-up oil can be exported for revenue, addressing fiscal challenges.
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Who owns this?
Adani Group
Gautam Adani
Acquired by Adani Group in 2022 from the founders.
Wikipedia: Gautam Adani