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South Korea marketing nuclear reactors to Saudi Arabia

Buy-S-Korea-nukesSaudi Arabia, South Korea sign MOU on nuclear power Wed Mar 4, 2015 Reuters) – Saudi Arabia and South Korea have signed a memorandum of understanding (MOU) to cooperate on the development of nuclear energy, Saudi state news agency SPA said, building on a deal signed in 2011.

South Korean President Park Geun-hye met with Saudi Arabia’s King Salman on Tuesday in Riyadh during an official visit, SPA said.

The MOU calls for South Korean firms to help build at least two small-to-medium sized nuclear reactors in Saudi Arabia, the South Korean presidential office said in a statement.

“If the two units go ahead, the cost of the contract will be (near) $2 billion,” the statement said……http://www.reuters.com/article/2015/03/04/saudi-south-korea-nuclear-idUSL5N0W61GM20150304

March 6, 2015 - Posted by | marketing, Saudi Arabia, South Korea

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