Competition to build UAE’s first nuclear reactors

“It’s going to be a very long summer,” says an executive of one of the companies short-listed for a contract to build the UAE’s first nuclear reactors.

The massive contract, due to be awarded on Sept 16, is described as one of the biggest opportunities in the global nuclear market, as it is likely to be the first in a series to build a fleet of reactors worth tens of billions of dollars over the next two decades.

A tight three-way race has emerged among consortiums of firms from four countries.