UAE nuclear projects worth $41bn contracts

The UAE peaceful nuclear programme will generate contracts worth more than $41 billion (Dh150bn) and the 123 Agreement signed between the UAE and US in early 2009 would create important economic opportunities for US companies involved in the development of nuclear energy.

A report on the economic benefits of US-UAE 123 Agreement said the UAE nuclear programme would generate contracts worth more than $41bn benefiting American companies that could participate as suppliers or as central leaders in consortiums bidding on projects. The contract would also improve bilateral trade and investment relations between the two countries.

"Even though the plants would be located in the UAE, those contracts would create jobs in the US.