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Top French firms back Saudi nuclear programme

Riyadh, December 31, 2013

France-based Areva, an industrial conglomerate, and utility giant EDF have signed two sets of agreements with Saudi firms and universities aimed at supporting the kingdom’s nuclear energy programme.

The two companies have signed Memorandums of Understanding (MoUs) with Zamil Steel, Bahra Cables, Riyadh Cables, Saudi Pumps, Descon Olayan. These agreements aim to develop the industrial and technical skills of local companies, marking Areva and EDF's desire to build an extended network of Saudi suppliers for future nuclear projects in the country.

A second series of agreements signed with four Saudi universities (King Saud University in Riyadh, Dar Al Hekma College and Effat University in Jeddah and finally Prince Mohammed bin Fahd University in Al-Khobar), are intended to contribute to the development of nuclear expertise in the country.

These agreements follow on from the previous operations organized by EDF and Areva, through their joint office in Riyadh.

These include the "Suppliers’ Days" in March and October 2013, the visit to France by Saudi industrial companies in November, the agreement signed with the local professional training institute (NIT) in July 2013, the visits to French nuclear facilities organized for Saudi university faculty members in June 2013 and internship offers made to Saudi students since the summer.

EDF CEO Henri Proglio said: "These new agreements underline EDF and Areva's commitment alongside the Kingdom of Saudi Arabia to enable it to successfully implement its national energy strategy and in particular to develop its future nuclear program by contributing to the development of a local network of manufacturers and by training qualified engineers.”

Luc Oursel, president and CEO of Areva, said: "These agreements demonstrate the common will of EDF and Areva to establish a true long-term partnership with the Kingdom of Saudi Arabia. They will enable the country to build a strong industrial base and a robust skills management programme.” – TradeArabia News Service




Tags: France | EDF | Areva |

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