According to stakeholders close to the project, South Korea's involvement in the joint nuclear project between Egypt and Russia, the El Dabaa nuclear power plant, might assist Cairo navigate western sanctions affecting the project.
Per the sources, South Korean participation has provided Egypt with access to technology and expertise from a country that is closely integrated with Western supply chains, while also reducing the exposure of project participants to US and European sanctions imposed on Russian businesses following the invasion of Ukraine.
The project, which was launched in 2015 between Egypt and Russia’s state-owned nuclear company Rosatom, drew in increased South Korean interest as soon as Russia initiated a war against Ukraine in 2022.
South Korea is expected to provide financial and technical support for any future growth, in addition to its current obligations at El Dabaa, as seen on The New Arab.
According to Egyptian officials, South Korean businesses also assumed tasks previously held by US-based General Electric after the company's engagement was halted following the commencement of the Ukraine war.
