• HSBC

UAE says nuclear contract award not imminent

  • United Arab Emirates: Wednesday, September 09 - 2009 at 09:52

A UAE government official has denied a report that the country is just days away from awarding the largest ever energy contract in the Middle East for the development of a nuclear power plant. The denial came in response to a Reuters report which said that the UAE was on the verge of naming a winner for the contract worth up to $40bn to build at least four reactors. 'The process is still ongoing,' the official said.

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