The United Arab Emirates denied on Tuesday that it was days away from awarding the largest ever energy contract in the Middle East for the development of a nuclear power plant.
The denial came after industry sources told Reuters that the UAE was on the verge of naming a winner for the contract to build at least four reactors, which consultancy Eurasia Group estimates may cost as much as $40 billion.
A government official familiar with the negotiations said "the UAE is not days away from awarding this contract. The process is still ongoing."END
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