South Korea has signed a $2.2 billion deal with Russia’s state-owned Rosatom to provide buildings and components for a new Egyptian nuclear plant, it has been revealed.

Citing a statement from South Korea’s energy ministry, a Bloomberg report said that the state-owned South Korea Hydro and Nuclear Power has won a contract to supply buildings, equipment, and materials for Egypt’s El Dabaa project.

The report added that in December 2021, the Korean group emerged as the sole bidder for the portion of the El Dabaa project. It added that the contract will see it construct the main and auxiliary buildings and structures of the turbine islands for the units between 2023-2029.