Nuclear Energy Insider: Middle East and North Africa Nuclear Construction Industry Offers Over $300 Billion to Contractors

Sources at Nuclear Energy Insider state that MENA nations, including Saudi Arabia, UAE, Jordan and Egypt are rapidly approaching multiple new nuclear construction and operation projects. This offers the global nuclear community over $300 billion worth of new contracts in the near future.

(PRWEB) June 11, 2012

Since KEPCO secured the Middle East’s first tender for 4 new units to be constructed in the United Arab Emirates at a cost of $20 Billion, the Middle East and North African nuclear power industry has boomed. Currently the UAE’s national nuclear utility ENEC have announced a further 12 units to be developed, Saudi Arabia’s KA CARE will also have 16 units, Egypt and Jordan are planning their first and bordering nations such as Turkey are following suit quickly.
This boom in the nuclear construction market will generate over $300 billion in new contracts that will be available for tender over the upcoming years.
2010 saw Jordanian state owned utility, The Jordan Atomic Energy Commission, announce a single 1000MW unit to be constructed at Majdal, Mafraq Province in central Jordan. After working with various engineering consultants JAEC has successfully whittled their technology selection down to just a few options, including the French-Japanese ATMEA1 1100mw unit. The final details for the project and following tenders are expected to be announced shortly in order for the plant to be operational by 2017/2018.
By far, the largest and most ambitious project to be announced has been Saudi Arabia’s recently established King Abdullah City of Atomic and Renewable Energy (KA CARE). KA CARE are working to build a new city that produces zero Co2 emissions by only using an energy mix of nuclear power and renewable sources. This complex and sizeable new nuclear project is by far the region’s largest, with a budget of over $250 Billion to secure 16 new nuclear units and other related power and infrastructure. With the nation’s wealth and vast oil reserves, paying for this ambitious project is no problem – however building a new power plant in the Middle East comes with unique challenges that can only be met with international expertise from across the globe.
It is no secret that the MENA nations are lacking indigenous expertise to complete these projects. As such senior decision makers from government and national nuclear utilities are attending the 3rd Annual MENA Nuclear Construction Conference, hosted in Dubai on the 25-26 September 2012. Hundreds of utility representatives, EPC and technology providers including KA CARE, Jordan Atomic Energy Commission, Egyptian Ministry of Electricity and Energy, Rosatom, KEPCO, Shaw & Westinghouse are meeting to find the best way to deliver these projects in desert conditions.
The C-level speaker line-up from Saudi Arabia, UAE, Jordan, Egypt and other nations quickly circulated around the global nuclear community, resulting in senior level executives from EDF, n.triple.a, Areva, GE Hitachi, Masdar, Westinghouse and many more securing their place at the meeting to strike up new partnerships, develop business and secure their share of this multi-billion dollar market.
If companies are looking to take advantage of the global nuclear renaissance, this is the only region where multi-billion dollar nuclear projects need a fully external supply chain to complete new build programs in the most challenging conditions – and this is the only annual meeting point where this exclusive industry connects.
If you want to secure your place in the $300+ billion MENA nuclear supply chain you need to attend the 3rd Annual Nuclear Construction Conference, Dubai, 25-26 September.

Source : http://www.virtual-strategy.com/2012/06/11/nuclear-energy-insider-middle-east-and-north-africa-nuclear-construction-industry-offers-