Russia and South Korea to jointly build nuclear plant in Egypt
August 25, 2022, 6:03 pm

Russia and South Korea to jointly build nuclear plant in Egypt

Nuclear power plant/Pixabay

South Korean state-owned company Korea Hydro & Nuclear Power (KHNP) is set to construct the machinery buildings and provide materials for Egypt's first nuclear plant, a joint project with a Russian nuclear company, according to the Anews, the DPA reported.

The company signed a deal in Cairo on Thursday (August 25) with the Russian state-owned company Atomstroyexport (ASE), South Korean media and the Yonhap news agency reported, citing the South Korean government.

In 2015, the Egyptian government charged ASE, a subsidiary of the nuclear company Rosatom, with constructing the plant in El Dabaa on the Mediterranean. The plant is due to have four 1,200 megawatt reactors.

The deal between KHNP and ASE runs to the tune of around $2.2 billion. While KHNP had already been chosen last December, finalizing the deal has proven difficult, with obstacles including the Russian invasion of Ukraine and the ensuing sanctions.

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The South Korean presidential secretary for economic matters, Choi Sang Mok, was cited as blaming "unexpected variables" for the length of time it took to close the deal. South Korea is expected to continue to be in close communication with the US throughout the building of the plant.

Source: anews

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
BENEFIT’s Chief Executive Mr. Abdulwahed AlJanahi, commented: “Our support for this educational hackathon reflects our long-term strategic vision to nurture the talents of emerging national youth and empower the next generation of accomplished female leaders in technology. By fostering creativity and innovation, we aim to contribute meaningfully to Bahrain’s comprehensive development goals and align with the aspirations outlined in the Kingdom’s Vision 2030—an ambition in which BENEFIT plays a central role.”
Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
Hanan Abdulla Hasan, Senior Manager, PR & Communication at BENEFIT, said: “We are honoured to collaborate with RUW in supporting this remarkable technology-focused event. It highlights our commitment to social responsibility, and our ongoing efforts to enhance the digital and innovation capabilities of young Bahraini women and foster their ability to harness technological tools in the service of a smarter, more sustainable future.”
For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”