UAE's one of the world's biggest nuclear power plant contracts has been attracting companies across the globe as no one wants to miss the opportunity to bag the contract worth $40 billion aimed to develop several nuclear reactors.
South Korean President Lee Myung-bak would land in the United Arab Emirates Saturday in an apparent attempt to make diplomatic pressure on the UAE government to win the project by a South Korean consortium.
A presidential official said in a statement, "President Lee Myung-bak will have a summit with UAE President Khalifa bin Zayed Al Nahyan over the weekend. Whether the South Korean consortium will win the project is still unclear, but President Lee's visit to the UAE is part of our diplomatic efforts to win the final ticket to the project."
A South Korean consortium has been doing its best to bag the largest ever nuclear project in the Middle-East through it renowned firms including Korea Electric Power Corp, Hyundai Engineering and Construction, Samsung C&T Corp and Doosan Heavy Industries & Construction.
However, Areva Corp. led French Consortium is likely to give stiff competition to the Korean Consortium.