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Homepage | Middle East Business News | Middle East | S. Korea wins $20bn UAE contact for nuclear energy reactors
S. Korea wins $20bn UAE contact for nuclear energy reactors
A consortium from South Korea has won an alleged $20 billion contract to construct a number of nuclear plants in the UAE, reports Reuters, citing industry sources.
The consortium, which includes Korea Electric Power Corp. (KEPCO), Hyundai Engineering and Construction, Samsung C&T Corp and Doosan Heavy Industries, will build the first nuclear reactors in the Gulf region.
South Korea beat consortiums from France, the US and Japan.
Iran stores abundant fuel oil on supertankers
Iran stores at least 550,000-600,000 tonnes fuel oil at sea.
Iran stores at least 550,000-600,000 tonnes fuel oil at sea.
Beltone says to trade on Egypt bourse by year-end
The bank says shares listed on bourse will trade by end of 2010.
The bank says shares listed on bourse will trade by end of 2010.
KNPC's Zanki hired as new CEO of Kuwait Petroleum C
Zanki to start as head of KPC within days-source.
Zanki to start as head of KPC within days-source.
Tags: deal, nuclear plant, South Korea, UAE.
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