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Diplomats enter fray as nuclear bid race concludes

by Edward Attwood on Nov 19, 2009

1 Comment

The US$40 billion UAE nuclear deal is expected to be concluded by the end of the year.

The race to win a US$40 billion contract to build the first nuclear plants in the UAE is reaching its final stages, with one consortium even bringing in diplomatic intervention on their behalf.

The South Korean foreign minsister, Yu Myung-hwan, met with UAE Crown Prince Sheikh Mohammad bin Zayed Al Nahyan during a regional visit earlier this month, where he promoted the competence of Korean plants, according to the Korea Times newspaper.

A Korean consortium, consisting of Samsung, Hyundai and Westinghouse, are considered to be a “surprise contender” according to the paper, due to its price offer and construction capacity.

Two other consortiums are also vying for the contract, which is likely to be awarded before the end of the year. A French partnership, consisting of Areva, EDF, GDF Suez and Total, is also considered a front-runner, with strong competition also being offered by Hitachi and GE.

FEATURED COMMENT

Well, the diplomatic support given by the Korean Government on behalf of the Korean consortium for the UAE's nuclear bid is not only understandable but also highly appreciated by the Korean people as this deal can bring many thousands of jobs to Koreans for the next ten to fifteen years.

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Readers' Comments

Abdul Farid Zikria (Nov 30, 2009)
Kabul
Afghanistan

Diplomatic support for the nuclear bid
Well, the diplomatic support given by the Korean Government on behalf of the Korean consortium for the UAE's nuclear bid is not only understandable but also highly appreciated by the Korean people as this deal can bring many thousands of jobs to Koreans for the next ten to fifteen years. However, the Korean Foreign Minister is not the only diplomat who has been cheering the team from his country. Other diplomats from the United States and France have also been involved in the diplomatic discussions with the UAE officials in promoting their teams. At this point what is important is the fact that UAE should get the best of the technology and services for their visionary nuclear plans.

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