RUSI NewsbriefVOLUME 30ISSUE 3members only

The Republic of Korea’s Nuclear Contract in the UAE

South Korea manages to turn heads by securing a lucrative nuclear contract in the UAE

On 27 December 2009, the Republic of Korea (RoK) won a lucrative nuclear energy contract to build four reactors in the United Arab Emirates. The decision to award the $40 billion contract to a consortium led by the state-run Korea Electric Power Corp (KEPCO) came as a surprise to many who assumed that the company's French and American competitors were the frontrunners, having signed nuclear co-operation agreements with the UAE over the past two years. Under the contract, the

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