Middle East Economic Survey

VOL. LIV

No 50

12-Dec-2011

UAE

ECAs To Provide $10Bn Of ENECs Nuclear Facility Financing

Export credit agencies (ECAs) are expected to provide about one-third or $10bn of the $30bn it will cost to build the UAEs first nuclear energy facility, MEES learns. With a consortium of companies led by Korean Electric Power Corp (KEPCO) building the plant, South Koreas ECA, KEXIM, is to provide a considerable chunk of the ECA funding, although the Export-Import Bank of the...