Saudi Arabia’s King Abdullah City for Atomic and Renewable Energy has tapped Pillsbury Winthrop Shaw Pittman for legal advice and counsel regarding “the development of a peaceful commercial energy program within the Kingdom,” according to the Oct. 10 engagement letter.
Saudi Arabia, which controls 20 percent of the world’s oil, plans to spend more than $100B to build 17 nuclear reactors by 2030, opening the door for lucrative U.S. contracts. The Kingdom reportedly funded Pakistan’s nuclear weapons program.
On behalf of KACARE, Pillsbury works to ensure the nuke program is in compliance with international treaties, handle commercial relations and develop a training program for Saudi nationals as part of a knowledge transfer program.
Pillsbury may also engage in political activities for KACARE.
The agreement letter stresses that Pillsbury’s representation is with KACARE, not the Kingdom of Saudi Arabia. KACARE was established by royal decree and is administratively linked to the Government of Saudi Arabia.
Pillsbury bills KACARE from $275 an hour for a legal assistant to $875 for a senior partner. Since Pillsbury lacks a branch in Saudi Arabia, it is subject to a five percent tax of total fees.