The US on Wednesday is set to announce a deal with Saudi Arabia that would allow the oil-rich Gulf nation to enrich uranium, according to US media reports. Riyadh has long asserted its right to a civilian…

The deal is expected to be a financial windfall for American companies but is likely to raise concerns of nuclear proliferation in the Middle East.

The U.S. administration released scant details of the deal, but the framework paves the way for the building of a uranium enrichment facility in Saudi Arabia.