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South Korean President heads to UAE to help sell nuclear power plants

South Korean President h

By JPOST.COM STAFF

DECEMBER 26, 2009 05:03

South Korean President Lee Myung-bak headed to the Unitd Arab Emirates (UAE) on Saturday on a trip which Seoul officials said is expected to focus on a South Korean bid to win a multi-billion dollar nuclear power plant project in the oil-rich country. A South Korean consortium, led by the state-run Korea Electric Power Corporation, is vying with an international consortium led by France's AREVA for the UAE project that is expected to generate contracts worth over $41 billion. In Abu Dhabi, Lee is scheduled to meet with his UAE counterpart, Khalifa bin Zayed Al Nahyan, on Sunday.

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