President Trump approved a 30-year civilian nuclear cooperation agreement with Saudi Arabia around July 22, 2026. The pact explicitly favors American companies for reactor construction and could allow uranium enrichment on Saudi soil. Korea Electric Power Corporation (KEPCO), which built its nuclear export identity on the 2009 UAE contract, now faces a structural disadvantage in bidding for Saudi projects. Final approval remains tied to Saudi Arabia normalizing relations with Israel under the Abraham Accords framework. This deal signals an increasing use by Washington of nuclear cooperation agreements as a geopolitical lever for American companies.
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