Russia’s Rosatom opens subsidiary in Saudi Arabia

Russia’s state nuclear corporation, Rosatom, is opening a subsidiary of Rusatom Overseas in Saudi Arabia, the company said in a statement seen by Argaam.

The subsidiary will be responsible for promotion of the integrated offer for Nuclear Power Plants (NPP) and Centers of Nuclear Science and Technologies (CNST) construction projects for global markets in Riyadh.

"We cooperate with the Saudi side on a wide agenda," Evgeny Pakermanov, President of Rusatom Overseas, said in the statement.

"We place special emphasis on the work with Saudi industrial enterprises and academic institutions as the Russian side sees a huge potential of their involvement in implementation of the nuclear energy program of Saudi Arabia," he noted.