The first nuclear power plant construction in Arabia, multi-country competing to deliver EPC bidding documents

Saudi Arabia, the world's largest oil exporter, will be awarded the first nuclear power plant construction contract at the end of this year.

Saudi Arabia’s first nuclear power plant construction contract will be signed at the end of 2018

At present, Saudi Arabia has received EPC bids from China, France, the United States, South Korea and Russia for two nuclear reactors.

According to a consultant from the King Abdullah City for Atomic and Renewable Energy, "We expect to sign a project development agreement with 2-3 suppliers in April this year. Only one successful bidder will be built. Two nuclear reactors."

The Saudi government hopes to start the construction of the first nuclear power plant in China in early 2019 and commercialize it in 2027.

In recent years, Saudi Arabia is seeking diversified economic development to reduce its dependence on oil. The Saudi government plans to achieve a nuclear power installed capacity of 17.6 GW by 2032 as part of promoting economic and energy diversification.

In addition to nuclear power, the Saudi government will vigorously develop renewable energy, including solar energy, to increase the proportion of clean electricity and reduce dependence on fossil fuels.

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