U.S. firms set up shop in United Arab Emirates for major nuclear project

U.S. companies are opening up offices in the United Arab Emirates to compete for a $40 billion nuclear project.

A range of U.S. suppliers have established a presence in the UAE capital of Abu Dhabi as part of efforts to win a slice of the huge nuclear energy program, Middle East Newsline reported. The UAE has been deemed the biggest opportunity in years for the global nuclear market.

"Once the government is ready, the awards will be issued rapidly," a Gulf industry source said. "This is clearly a UAE priority."