Egypt contracts with Korea for a $2.25 billion nuclear power facility

The industry ministry announced on Thursday that Korea had been awarded a 3 trillion won ($2.25 billion) contract to build nuclear power plants in El Dabaa, Egypt. This contract was eagerly anticipated by the government, which has been working to reestablish nuclear plants as a significant export good.

The El Dabaa project will involve the construction of four 1,200 megawatt nuclear reactors. The Egyptian Nuclear & Radiological R....