OCI, Arab Contractors set up JV to bid for Middle East nuclear plants.

By bne IntelliNews January 17, 2011
Egypt's real estate developers Orascom Construction Industries (OCI) and engineering firm Arab Contractors set up a JV to bid for nuclear power projects in the Middle East, OCI said in a statement on its website. The JV will bid for Egypt's first nuclear power plant in Dabaa region in February. Both companies are currently in talks with international nuclear technology providers to form a bidding consortium for this project. Egypt, among other countries in the region, announced plans to establish nuclear plants in an attempt to meet growing electricity demand.

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