Saudi Arabia Sets New Regulations for Transporting Nuclear, Radioactive Material

New regulations for transporting radioactive material in Saudi waters (Asharq Al-Awsat)
New regulations for transporting radioactive material in Saudi waters (Asharq Al-Awsat)
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Saudi Arabia Sets New Regulations for Transporting Nuclear, Radioactive Material

New regulations for transporting radioactive material in Saudi waters (Asharq Al-Awsat)
New regulations for transporting radioactive material in Saudi waters (Asharq Al-Awsat)

Saudi authorities issued new regulations for maritime transportation and handling of nuclear and radioactive materials to, from, and through Saudi Arabia, according to official sources.

The authorities informed all port managers, maritime agents, and operating companies of the new measures calling on the representatives of the private sector operating in Saudi ports to adhere to the new requirements issued by the Nuclear and Radiological Regulatory Commission (NRRC).

Saudi Port Authority (Mawani) announced that any company importing, exporting, or transiting nuclear and radioactive materials through the Kingdom must obtain a license from competent authorities.

The Authority asserted that the Commission must be notified regarding the innocent passage of ships carrying nuclear and radioactive materials and their belongings.

The agent must ensure that the sender and the consignee have prior authorization if the ship is carrying a cargo of this kind.

The Authority banned the import, export, and transit of radioactive waste across the Kingdom’s territorial sea. It also indicated that shipments containing spent fuel must obtain a license and written notice two weeks ahead of the shipping date.

The new requirements also prevent ships from carrying plutonium unless it is part of a medical device, with specific requirements.

If the ship's interior is contaminated with radioactive materials in ports, harbors, or the territorial waters of the Kingdom, it must be removed by an authorized authority, before the ship returns to service.

The Authority stressed that if a ship transporting nuclear materials was involved in an accident, it should issue a detailed report on the measures taken. Also, the flag state bears full responsibility for any accident per the Kingdom's maritime law and the UN Convention on the Law of the Sea.

The Ports Authority, in cooperation with the Saudi Customs, recently adopted a new mechanism for handling merchandise and containers of abandoned goods and containers in the ports that exceed its statutory period.

The Authority indicated that this procedure increases the speed of the container turnover rate for shipping lines and ensures the optimal use of the ports' capacity.

It emphasized that this decision aims to define the roles and responsibilities of the concerned authorities within the port on handling abandoned goods.



Egypt Kuwait Holding Set to Launch First Commercial Project in Saudi Arabia

Egypt Kuwait Holding CEO Jon Rokk.
Egypt Kuwait Holding CEO Jon Rokk.
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Egypt Kuwait Holding Set to Launch First Commercial Project in Saudi Arabia

Egypt Kuwait Holding CEO Jon Rokk.
Egypt Kuwait Holding CEO Jon Rokk.

Egypt Kuwait Holding (EKH) plans to announce its first investment in Saudi Arabia’s oil and gas sector within two to three months, after completing the bulk of the project’s capital expenditures, CEO Jon Rokk said.

In an exclusive interview with Asharq Al-Awsat, Rokk described the project as “promising" and said it had been “in the planning stages for a long time.”

EKH, one of the fastest-growing investment firms in the Middle East and North Africa, manages a diverse portfolio spanning five key sectors: fertilizers, petrochemicals, gas distribution, power generation and distribution, and non-banking financial services, including insurance.

As part of EKH's expansion strategy, it is close to officially announcing its first investment in Saudi Arabia—a promising oil and gas project that has been in the works for some time, Rokk said.

EKH is leveraging its extensive expertise and strong track record in Egypt, including the development, operation, and maintenance of the largest private gas distribution network in the Middle East, he added.

EKH eyes Saudi, European expansion

EKH is set to announce its first investment in Saudi Arabia’s oil and gas sector within the next few months, having already completed the bulk of its capital expenditures, Rokk told Asharq Al-Awsat.

EKH has been working on this project for a long time and it is now in the final stages, preparing to commence commercial operations soon, Rokk revealed. This will enable the company to generate revenue in the coming months.

While he did not disclose further details, he said that EKH is evaluating additional investment opportunities worth between $150 million and $200 million over 2025 and 2026 as part of its expansion strategy.

EKH reported a net profit of $185 million in 2024. According to the company, revenue climbed to $642 million last year, with gross profit and operating profit margins increasing by 40% and 39%, respectively. Net profit rose to $185 million, with net profit margins improving by two percentage points to 29%. Profit attributable to shareholders reached $163 million.

In its 2024 financial statement, EKH said it expects 2025 to bring further improvements in capital allocation and a sharper focus on high-value projects, underscoring the significance of its first Saudi investment.

Saudi investment and growth outlook

While Rokk described EKH’s Saudi project as relatively small compared to its overall portfolio, he stressed its strategic importance.

This is a key step for EKH’s entry into the Saudi market, where it sees significant growth potential, he said.

He also expected the project to unlock future opportunities. This investment could pave the way for securing additional concessions, strengthening EKH's presence in one of the region’s most critical energy markets.

Expanding into Europe

Beyond the Middle East, EKH is developing a new project in Northern Europe, which Rokk described as a major growth driver.

This strategic investment will give it early access to an emerging sector, enhancing its competitiveness and market presence from the outset, he said. EKH anticipates strong returns, supporting its growth and international expansion.

The company’s broader strategy includes increasing foreign currency exposure, tapping into high-growth markets, and diversifying its investment portfolio.

EKH is finalizing the project details and expect to provide further updates by the third quarter as it moves toward execution, Rokk added.

In 2025, EKH aims to expand further—both by entering Saudi Arabia and launching its European project—while continuing to grow its existing businesses.

Strengthening presence in Egypt

EKH is also reinforcing its foothold in Egypt, with plans to boost exports and foreign currency inflows in 2025.

It is exploring several options, including acquisitions and strategic partnerships, focusing on sectors with strong export potential and dollar-denominated returns, Rokk said.

The company aims to leverage Egypt’s competitive advantages—such as low production costs and strategic location—to increase exports and maximize foreign currency earnings.