This looks set to be a 30-year deal between the US and Saudi Arabia, to build civil nuclear capacity, potentially bringing in tens of billions of dollars for US firms.
But it's a different kind of deal to traditional US commercial nuclear agreements.
What is being widely reported is that Saudi Arabia might not be subject to the normal "gold standards" the US has previously demanded of partner countries in terms of inspections and, in particular, the non-enrichment of uranium on the host country's soil.
So, this is a different kind of deal that the US is proposing, and the reason they are pushing for it - particularly now - is that Russia and China have been knocking on the door and the US simply did not want to miss out.
It's a deal that’s been in the offing for some time - the Biden administration had pursued something similar; though that deal had been tied to Saudi Arabia normalising relations with Israel.
That link seems now to have been dropped by the Trump White House.
There's been no formal announcement yet, but when it comes, expect Israel to express its displeasure.
Saudi nuclear deal 'not a great risk' to US - former Bush adviser
Energy sector expert Bob McNally says it is "always a win" when a "major country" like Saudi Arabia choses to partner with the US to develop its nuclear sector.
The world needs "reliable, always on, ideally emissions-free" energy, especially in the "AI era", says McNally, who is also a former member of George W Bush's National Security Council.
He's asked if there are security risks in helping a country on the other side of the world develop nuclear capabilities, and McNally tells the BBC: "I don’t think it’s a great one."
"I think we have a good record of working with countries to responsibility develop their nuclear sectors," he adds.
"I’m much more concerned about a regime like Tehran obtaining nuclear weapons… than I would be about the UAE or Saudi Arabia, responsible and friendly allies."
US-Saudi nuclear deal still expected but no official confirmation yet
US media has reported that the two countries have reached a commercial agreement for US companies to run nuclear power plants on Saudi Arabian soil, but we've not had anything yet on the matter from President Trump or Saudi officials.
Reports suggest the deal will potentially allow Saudi Arabia to enrich uranium itself.
It would be the latest milestone in a Saudi-US negotiations on nuclear that have been ongoing ever since the two nations signed an memorandum of understanding in 2008.
Back in the US, Democrat representative John Garamendi described the deal as "terrible, terrible policy", while Republican Marlin Stutzman said he had no "initial" concerns over the agreement.
The highly controversial agreement will need to be debated in congress but opponents are unlikely to be able to gather enough votes to defeat Trump's initiative.
~ BBC News
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