Skip to content Skip to Search
Skip navigation

South Korea in $2.2bn deal with Russia for Egypt nuclear plant

By Pramod Kumar
Creative Commons
Korea Hydro & Nuclear Power Co. won a contract to supply buildings, equipment and materials for Egypt’s El Dabaa project.

South Korea signed a $2.2 billion deal with Russia’s state-owned Rosatom to provide buildings and components for a new Egyptian nuclear plant, Bloomberg reported.

Korea Hydro and Nuclear Power Co. won a contract to supply buildings, equipment and materials for Egypt’s El Dabaa project, South Korea’s energy ministry said in a statement.

The state-owned Korean company was selected as the sole bidder for the portion of the El Dabaa project in December 2021.

It will construct the main and auxiliary buildings and structures of the turbine islands for the units between 2023-2029.

Rosatom began construction last month of Egypt’s first nuclear power plant, located 300 kilometres northwest of Cairo. The project will include four reactors with a 1.2-gigawatt capacity each.

Latest articles

Sodic general manager Ayman Amer and Robert De Niro, Nobu Hospitality Co-Founder, at the launch of their third venture in Egypt

Aldar-owned Sodic to build third Nobu hotel in Egypt

Sodic, the Egyptian real estate subsidiary of the UAE’s Aldar Properties and Nobu, the US-headquartered luxury lifestyle brand, have signed up to develop their third hospitality project in Egypt. The Nobu Hotel and Restaurant, which will come up in east Cairo, will open next year, the developer said in a statement. The cost of the […]

The IMF said its Riyadh office will 'promote stability, growth and regional integration'

IMF opens office in Riyadh to bolster Middle East presence 

The International Monetary Fund (IMF) will open a new regional office in Riyadh to bolster collaboration with nations in the Middle East and beyond.  The new office will scale up capacity building, regional surveillance, and outreach to promote stability, growth, and regional integration, the Washington-headquartered fund said in a statement.  The office will be pivotal […]

UAE puts up two billion dirhams to pay for flood-damaged homes

The UAE has pledged AED2 billion ($545 million) to help rebuild homes of citizens that were damaged in this month’s floods. Sheikh Mohammed bin Rashid Al Maktoum, the UAE prime minister and ruler of Dubai, said on X (formerly Twitter) that the UAE’s cabinet of ministers had also formed a committee to assess the flood […]

The uncrewed Cygnus space freighter, from which were launched two satellites built by students from Abu Dhabi's Khalifa University

Shareholders to vote on merger to create UAE space giant

Shareholders of two Abu Dhabi technology companies will vote on Thursday on a proposed merger to create a $4 billion space organisation.  Bayanat AI and Al Yah Satellite Communications Company, better known as Yahsat, will hold their general assembly meetings simultaneously. The proposed merger will create Space42, an AI-powered space technology champion for the Middle […]