South Korea announced Thursday it has struck a deal to build a nuclear power plant in Egypt, its first such contract in 13 years.
Under the deal worth 3 trillion won ($2.25 billion), a South Korean company will reportedly supply the equipment and a Russian firm will be in charge of constructing the reactors at Egypt's first nuclear power plant in the northern city of El Dabaa.
The project between the two state-run enterprises, is South Korea's biggest nuclear power plant export, according to the country's media. The Asian nation won the bid to build the Barakah nuclear power plant in the United Arab Emirates in 2009.
The South Korean company said it is aiming to begin commercial operations of the power plant in Egypt in 2028.
President Yoon Suk Yeol, who took office in May, has pledged to export 10 atomic power reactors to other countries by 2030, as he reversed the nuclear phase-out policy set by the administration of his predecessor Moon Jae In.
