The deal supports nuclear innovation, UAE-Korea strategic partnership, and global clean energy transition
The partnership aligns with ENEC’s international strategy to export nuclear development expertise gained from the Barakah Nuclear Energy Plant in the UAE
To bridge the funding gap, the commission urges a blended financing model that leverages both public and private capital, coupled with risk-mitigation mechanisms to improve investor confidence
ENEC and newcleo aim to provide a model for cooperation between public and private nuclear energy companies
Saudi Arabia’s facilities have so far been inspected under the SQP agreement with the IAEA, which offers limited international oversight
According to reports, ENEC, owned by Abu Dhabi’s ADQ, has been holding talks to invest in the UK
The report describes the legislative and regulatory measures taken by the UAE to meet its obligations in relation to the Joint Convention held in Vienna
The UAE is the first Arab country, and the 33rd nation globally, to produce nuclear energy