Saudi Arabia and Korea further SMART cooperation
Saudi Arabia and South Korea yesterday signed contracts to support their cooperation in developing SMART reactors.
he documents were signed in Riyadh by the Korea Atomic Energy Research Institute (KAERI) – designer of the SMART (System-integrated Modular Advanced Reactor) – and Saudi Arabia’s King Abdullah City for Atomic and Renewable Energy (KA-CARE). They were signed in the presence of KA-CARE president Hashim Abdullah Yamani.
The contracts follow a memorandum of understanding (MOU) the two countries signed on 3 March that will see them jointly promote the reactor in the global market. The MOU had followed an inter-governmental agreement the two countries signed in 2011 on the development and implementation of nuclear energy for peaceful purposes.