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The Korea Herald
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THE INVESTOR
March 19, 2024

Market Now

Samsung chief inspects Barakah nuclear plant site in UAE

  • PUBLISHED :December 07, 2022 - 09:45
  • UPDATED :December 07, 2022 - 09:45
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Samsung Electronics Chairman Lee Jae-yong (second from left) pose with employees working of Samsung C&T at the Barakah nuclear power plant construction site in Al Dhafra of Abu Dhabi, United Arab Emirates on Tuesday. (Samsung Electronics)

Samsung Electronics said Tuesday Chairman Lee Jae-yong visited a Samsung C&T construction site of a new nuclear power plant in the United Arab Emirates and encouraged workers there.

The construction unit of Samsung Group is building two nuclear reactors at the Barakah nuclear power plant. During his visit, Lee held a meeting with local employees, most of them in their 20s and 30s.

“The Middle East, which is currently pushing for a ‘great transformation’ to find a new growth engine, is a land of opportunity,” Lee was quoted as saying. “While the environment is not so favorable, let’s be brave and take on the challenge.”

Before visiting the construction site, Lee was also briefed on local operations and strategies by regional heads of Samsung C&T, Samsung Engineering and Samsung Electronics, the company said.

The latest visit comes after his trip to the UAE in December last year. It was the first time in three years that the chairman visited a local worksite in the Middle East. His last visit to a company site was in September 2019, when Lee inspected Samsung C&T’s metro construction site in the Saudi Arabian capital of Riyadh.

The Barakah nuclear power plant project is a long-term construction deal that kicked off in 2012. It is the first overseas nuclear power plant construction project for South Korea, led by a consortium dubbed "Team Korea," in which Samsung C&T is one of the key members.

During his trip, Lee also dropped by a Samsung Electronics store in Abu Dhabi to check on sales and customer reactions, the company added.

Lee took off for the UAE on Sunday. While the details of his itinerary remain unclear, he was said to meet with the kingdom’s de facto ruler Sheikh Mohammed bin Zayed Al Nahyan.

By Jo He-rim (herim@heraldcorp.com)

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