From Reuters:

A South Korean group won a landmark deal to build and operate four nuclear reactors for the United Arab Emirates, beating more favored U.S. and French rivals to one of the Middle East’s biggest ever energy contracts.

Under the $40 billion deal announced on Sunday, which Seoul said it hoped would kick-start an export drive for its nuclear technology, the first nuclear plant in the Gulf Arab region is scheduled to start supplying power to the UAE grid in 2017…

A consortium led by state-owned utility Korea Electric Power Corp (KEPCO) aims to complete the UAE’s four 1,400 megawatt reactors by 2020.

The South Korean president’s office described the deal as “the largest mega-project in Korean history,” while KEPCO said it was also it was in talks with Turkey to export two nuclear power reactors to Black Sea areas.