ENEC awards contracts worth $3bn to UAE companies
More than 1,400 UAE-based companies now contributing to the construction of the country’s first nuclear energy plant
The Emirates Nuclear Energy Corporation (ENEC) has announced contracts with UAE- based companies totalling more than $3bn for the construction of the country’s first nuclear energy plant.
More than 1,400 UAE-based companies have now been contracted for the delivery of products and services for the Barakah plant, currently under construction in the Western Region of Abu Dhabi.
This achievement not only further facilitates the development of a local nuclear energy industry but also contributes to the development of the greater economy and stimulates the growth of heavy industry in the UAE.
ENEC’s Chief Executive Officer, Mohamed Al Hammadi, said: “By working with ENEC’s dedicated Industrial Development Team to raise their standards and meet the unique requirements of the nuclear energy industry, Emirati companies are now contributing to the construction of the nuclear plant at Barakah and also gaining a competitive advantage in providing nuclear-quality services and materials worldwide.”
“A major factor in the UAE’s decision to pursue a peaceful nuclear energy program was the opportunity to develop and enhance the nation’s budding industrial sector and provide a diverse range of opportunities for talented Emiratis. The UAE’s peaceful nuclear energy program has supported the diversification and growth of the nation’s economy since its inception,” added Al Hammadi.
The contracts have been awarded over the past six years through collaboration between ENEC, the entity responsible for the construction and operation of the plant, and Korea Electric Power Corporation (KEPCO), ENEC’s Prime Contractor.
In order to contract for the UAE’s peaceful nuclear energy program, ENEC’s Industrial Development Team works with companies to enhance their quality and safety policies and procedures to meet the highest standards in the world. This has clear benefits for companies across the UAE as many of ENEC’s suppliers also supply other industries and the higher standards set for the Barakah project will lead to improved quality and safety outcomes across the country.