Reports: South Korea, UAE Sign $25 Billion in Energy Deals

(From UPI)

South Korea and the United Arab Emirates signed $25 billion worth of energy deals as the two countries marked the completion of the Barakah nuclear reactor, the first of its kind in the Middle East, according to reports.

The deals were signed as South Korean President Moon Jae-in visited the UAE for the first time since assuming office, Arab News reported Tuesday.

The South Korean leader also called for further “future-oriented” cooperation in the fields of semiconductors, telecommunications and space development, after meeting with UAE Prime Minister Sheikh Mohammed bin Rashid Al Maktoum, according to South Korean newspaper Herald Business.

The Barakah nuclear reactor is one of four plants being built with assistance from a Korea Electric Power Corp. consortium.

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