Enec, Hyundai E&C sign MoU for nuclear collaboration
ABU DHABI, 2 days ago
The Emirates Nuclear Energy Company (Enec) and Hyundai Engineering & Construction (Hyundai E&C) have signed a strategic Memorandum of Understanding (MoU) in Seoul, Republic of Korea, to jointly explore international nuclear energy opportunities.
This agreement comes at a time when global momentum for nuclear energy is growing rapidly, as countries pursue clean, secure, and scalable energy solutions to meet surging electricity demand.
The collaboration builds on the longstanding strategic partnership between the UAE and the Republic of Korea in the nuclear sector and supports both countries' shared goals to advance peaceful nuclear energy in line with IEA and IAEA projections for a significant global scale-up of nuclear capacity by 2030 and 2050 respectively.
The MoU provides a comprehensive framework for knowledge sharing, collaborative evaluation of project participation, and assessment of strategic investment opportunities.
It also includes the formation of a joint working group to identify areas of mutual interest and support the development of future nuclear energy initiatives. -OGN / TradeArabia News Service
