Creating a consortium for all users of enriched uranium?

Via Pygalgia, Saudi Arabia and other Gulf countries make an offer to Iran:

DUBAI (Reuters) - U.S.-allied Gulf states are willing to set up a body to provide enriched uranium to Iran to defuse Tehran's stand-off with the West over its nuclear plan, Saudi Arabia's foreign minister told a newspaper on Thursday.

Saudi Arabia and other Gulf countries -- Kuwait, Oman, Qatar, Bahrain and the United Arab Emirates -- share Western concerns that Iran's nuclear energy program will lead to it acquiring atomic bombs, a claim Tehran denies.

"We have proposed a solution, which is to create a consortium for all users of enriched uranium in the Middle East," foreign minister Prince Saud al-Faisal told the Middle East Economic Digest (MEED).

"(We will) do it in a collective manner through a consortium that will distribute according to needs, give each plant its own necessary amount, and ensure no use of this enriched uranium for atomic weapons," he said, according to MEED's Web site.

Prince Saud said Iran was considering the offer, which envisages building a plant in a neutral country.

"We believe it should be in a neutral country -- Switzerland, for instance," said Prince Saud. "Any plant in the Middle East that needs enriched uranium would get its quota. I don't think other Arab states would refuse. In fact ... other Arab countries have expressed a desire to be part of the proposal."

"They (Iran) have responded that it is an interesting idea and they will come back to us. We hope the Iranians will accept this proposal. We continue to talk to them and urge them not only to look at the issue from the perspective of the needs of Iran for energy, but also in the interests of the security of the region."

The six Gulf Arab states have announced plans to start their own nuclear energy program, raising concern over an arms race in the world's top oil exporting region.

Um... not that this isn't a good idea, but just a reminder that Saudi Arabia is no real friend of the United States. So... using Switzerland would be a really nice idea...