The very best ever.. The rise in South Korean uranium exports to the UAE

UAE – South Korea’s uranium exports to the United Arab Emirates rose to a brand new document excessive final 12 months.

The worth of the nation’s uranium exports to the UAE reached $305 million final 12 months, the very best quantity ever, in response to the commerce statistics system of the Korea Worldwide Commerce Affiliation, on Sunday.

South Korea received the Barakah Nuclear Energy Plant mission, which goals to construct 4 nuclear energy vegetation within the Emirates in 2009, which is South Korea’s first nuclear mission outdoors the nation.

The uranium that Korea exports to the UAE is utilized in Barakah vegetation.

The primary, second and third reactors on the Barakah station started working in April 2021, March 2022 and February 2023, respectively, and are at present offering electrical vitality across the clock, and the fourth reactor is predicted to start out working in 2024.

The worth of uranium exports rose from $42 million in 2016, when building operations for the Barakah plant have been actively underway, to $305 million final 12 months, turning into the third largest product exported to the UAE final 12 months after automobiles ($483 million) and auto elements ($351). Million {dollars}).

Through the go to of the Emirati President, Sheikh Mohammed bin Zayed Al Nahyan, to Seoul, a number of days in the past, the 2 nations signed a complete financial partnership settlement and various memorandums of understanding, one in every of which was to reinforce nuclear cooperation between the 2 nations.

The UAE grew to become the primary Arab nation to signal a free commerce settlement with South Korea.

Supply: “Yonhap”