This goal was given a boost in November 2007 when Saudi Arabia, on behalf of the Gulf Cooperative Council (GCC), publicly announced an offer to launch a regional joint enrichment consortium to establish an enrichment facility under the supervision of the IAEA in a neutral country, such as Switzerland, for all users of enriched uranium in the Middle East. The GCC suggestion would offer a face-saving way for Iran to forgo enrichment as part of a voluntary regional arrangement. By doing so, Iran would at the same time meet its obligation to respect UN mandates and provide the best means of assuring the world that its nuclear program is not intended for weapons purposes. The GCC plan also would be a practical step toward a zone in the wider Middle East free of nuclear weapons and other weapons of mass destruction. Unfortunately, Iran is more interested in the technology than the fuel, which is why it dismisses the idea of obtaining its reactor fuel from Russia's international enrichment center at Angarsk or through proposals such as the Nuclear Threat Initiative project for a fuel bank under IAEA auspices, for which the UAE has pledged $10 million.