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US and Bahrain Formalize Civilian Nuclear Pact and Secure $17 Billion in Investments

By establishing a framework for a full Section 123 nuclear agreement, the memorandum paves the way for binding contracts during Bahrain’s king’s upcoming Washington visit

Overview

  • Secretary of State Marco Rubio and Bahraini Foreign Minister Abdullatif bin Rashid Al Zayani signed a memorandum of understanding on civilian nuclear cooperation at the White House on July 16
  • Bahrain pledged $17 billion in investments spanning aviation, energy infrastructure, advanced manufacturing, and technology partnerships
  • The aviation component includes a $7 billion deal for Gulf Air to buy 12 Boeing jets with options for six more and 40 GE engines
  • The White House projects that the investment commitments will support roughly 30,000 American jobs
  • Officials plan to negotiate a binding Section 123 nuclear cooperation agreement later this year ahead of Bahrain’s king visiting Washington for final approvals