Saudi Arabia Holding CIO: Nuclear deal boosts Saudi energy

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00:00OK, what's the incentive financially for Saudi Arabia to engage in this program?

00:06Because there are going to be some pretty significant one-off start-up costs, aren't there?

00:11Of course. I mean, you know, there are start-up costs without getting into the specific numbers.

00:16You know, which industry doesn't bring with it significant CAPEX or OPEX, especially in the early stages.

00:22However, we've got to model out what the impact is on the economy, what it represents as a percentage of GDP,

00:28what it would represent as a mature industry once we add another source of energy to the energy mix.

00:34So the costs, of course, they're relative and the appropriate teams and stakeholders will be evaluating these.

00:40But the net benefit is positive because it adds to the energy mix of a nation that's traditionally an energy nation.