Trump Administration Approves Nuclear Agreement with Saudi Arabia

Why it matters locally: While Virginia does not have a major nuclear energy industry in terms of power generation, some companies based in the state could potentially be involved in providing support services or technologies related to nuclear development, thus creating economic opportunities. Additionally, federal policy shifts regarding international nuclear agreements can influence defense contracting and research, areas where Virginia has a significant presence.

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WASHINGTON – The Trump administration has approved a nuclear agreement with Saudi Arabia. The arrangement has a projected duration of 30 years. The agreement also outlines the involvement of United States companies in the development of the nuclear program, according to reports.