UAE signs nuclear deal

UAE signs deal with South Korea

The UAE and South Korea signed an agreement on Monday paving the way for closer co-operation in nuclear energy.

Under the agreement, South Korean will help the UAE develop its peaceful nuclear programme by transferring nuclear technology, equipments and expertise for a period of twenty years, reported WAM.

The UAE has signed earlier similar agreements with France, the US and the UK.

The South Korean Prime Minister Han Seung-soo, on a three-day official visit to the UAE, signed the agreement with HH Sheikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.

His visit comes as consortiums from South Korea, France, the US and Japan compete for a $40bn (AED146.82bn) to build and operate a fleet of nuclear reactors due to be commissioned from 2017.

The contract is due to be awarded on September 16, after the number of consortiums is narrowed to two this summer, reported The National.

"We hope we will be able to play some part in advancing the ambition of the UAE, particularly Abu Dhabi's ambition, to become one of the leading countries that make use of nuclear energy for peaceful purposes," Han told the newspaper.

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