emirates7 - The Emirates Nuclear Energy Corporation (ENEC) and Hyundai Engineering & Construction (Hyundai E&C) have signed a strategic Memorandum of Understanding (MoU) in Seoul, South Korea, to jointly pursue opportunities in the international nuclear energy market.
This partnership builds upon the strong, long-established cooperation between the UAE and South Korea in the nuclear field, and aligns with their mutual commitment to the peaceful use of nuclear energy. The agreement supports global projections from the International Energy Agency (IEA) and the International Atomic Energy Agency (IAEA), which anticipate a substantial increase in nuclear energy capacity by 2030 and 2050.
The MoU outlines a broad framework for knowledge exchange, joint evaluation of potential nuclear projects, and exploration of strategic investment prospects. It also includes the establishment of a joint working group to identify shared interests and guide the development of future nuclear energy projects.
As ENEC enters a new stage of growth, it is expanding its efforts in investing, partnering, and advising on both traditional large-scale nuclear reactors and emerging nuclear technologies, both within the UAE and globally.
With the Barakah Nuclear Energy Plant now fully operational, ENEC is shifting its focus to supporting the global expansion of nuclear energy. It aims to collaborate with international partners and assist countries seeking to adopt or expand their nuclear capabilities. Agreements such as the one with Hyundai E&C reflect this global strategy.
Hyundai E&C, which played a leading role in the construction of the Barakah plant, has been a key contributor to the UAE’s peaceful nuclear program—widely recognized as a model for safe and efficient nuclear development.
This new agreement is part of a wider series of collaborations ENEC has signed recently with global nuclear technology developers, energy companies, and operators. These initiatives support ENEC’s mission to invest in and accelerate the deployment of civil nuclear energy, enhancing global energy security and sustainability through clean, reliable electricity.
Hyundai E&C’s successful execution of the Barakah project has earned international acclaim for its risk management and construction expertise. As the UAE and South Korea continue to deepen their energy cooperation, Hyundai E&C is aiming to further expand its role as a trusted strategic partner in future nuclear endeavors, building on the solid foundation laid by the Barakah project.
This partnership builds upon the strong, long-established cooperation between the UAE and South Korea in the nuclear field, and aligns with their mutual commitment to the peaceful use of nuclear energy. The agreement supports global projections from the International Energy Agency (IEA) and the International Atomic Energy Agency (IAEA), which anticipate a substantial increase in nuclear energy capacity by 2030 and 2050.
The MoU outlines a broad framework for knowledge exchange, joint evaluation of potential nuclear projects, and exploration of strategic investment prospects. It also includes the establishment of a joint working group to identify shared interests and guide the development of future nuclear energy projects.
As ENEC enters a new stage of growth, it is expanding its efforts in investing, partnering, and advising on both traditional large-scale nuclear reactors and emerging nuclear technologies, both within the UAE and globally.
With the Barakah Nuclear Energy Plant now fully operational, ENEC is shifting its focus to supporting the global expansion of nuclear energy. It aims to collaborate with international partners and assist countries seeking to adopt or expand their nuclear capabilities. Agreements such as the one with Hyundai E&C reflect this global strategy.
Hyundai E&C, which played a leading role in the construction of the Barakah plant, has been a key contributor to the UAE’s peaceful nuclear program—widely recognized as a model for safe and efficient nuclear development.
This new agreement is part of a wider series of collaborations ENEC has signed recently with global nuclear technology developers, energy companies, and operators. These initiatives support ENEC’s mission to invest in and accelerate the deployment of civil nuclear energy, enhancing global energy security and sustainability through clean, reliable electricity.
Hyundai E&C’s successful execution of the Barakah project has earned international acclaim for its risk management and construction expertise. As the UAE and South Korea continue to deepen their energy cooperation, Hyundai E&C is aiming to further expand its role as a trusted strategic partner in future nuclear endeavors, building on the solid foundation laid by the Barakah project.