News Bulletin
      Arab World
      Dirham Rates
      Share Prices
           Emirates Market
           Abu Dhabi Market
           Dubai Market
      Oil Prices

Abu Dhabi3423
Ras Al Khaimah3624
Umm Al Qaiwain3723

Make WAM your homepage


Add WAM to Favorites

Mohammed Bin Zayed Al Nahyan Meets Korean and Chilean Presidents

Apr 13, 2010 - 09:36 -

Washington DC, United States - 13th April 2010 (WAM) - His Highness Sheikh Mohammed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, today met with HE President Lee Myung-Bak of South Korea and HE President Sebastian Pinera of Chile.

The one-to-one meetings were held on the sidelines of the Nuclear Security Summit in the US capital. The summit, hosted by the US President Barack Obama, was officially opened today.

His Highness Sheikh Mohammed discussed with the two leaders international efforts to combat nuclear terrorism and the need for nations to abide by international treaties with regard to nuclear nonproliferation.

His Highness the Crown Prince also discussed regional and international developments, including the Middle East peace process.

In his meeting with HE President Lee, His Highness Sheikh Mohammed commended the strong relationship between the UAE and Korea, saying that it has witnessed major developments in the past few months.

A consortium of South Korean companies was awarded in December 2009 a contract worth US$20 billion to build four peaceful nuclear power plants in the UAE. The contract was signed during a visit by HE President Lee Myung-Bak to Abu Dhabi.

The consortium, led by Korea Electric Power Corp (Kepco), also includes Samsung, Hyundai and Doosan Heavy Industries from Korea and the US firm Westinghouse as well as Japan's Toshiba.

The UAE's plans to establish a peaceful nuclear energy programme were motivated by its need to develop additional sources of electricity to meet future demands and ensure a sustained and rapid economic development.

His Highness Sheikh Mohammed was at the head of the UAE delegation to the Nuclear Security Summit, which was attended by 47 world leaders. His Highness Sheikh Abdullah bin Zayed Al Nahyan, the Foreign Minister of the UAE, also attended the meetings.

In the meeting with HE President Sebastian Pinera, the two leaders discussed bilateral economic and diplomatic relations between the two friendly nations. Trade between Chile and the UAE reached US$113 million in 2008. A major exporter of fresh fruits, wood and race horses to the UAE, Chile has submitted a proposal for free trade with the GCC to expand its presence in the region.

His Highness Sheikh Mohammed took part in the summit's morning plenary session, which was chaired by President Obama. The discussion focused on "National Measures to Secure Nuclear Materials/Combat Illicit Trafficking." The UAE delegation made it clear during the summit's deliberations that it is vital to maintain necessary levels of vigilance in nuclear security through cooperative actions taken by all states, stressing the UAE's strong commitment to supporting and contributing to such efforts.

The delegation also pointed out the UAE's longstanding supports of a wide array of multilateral and bilateral nuclear security and related initiatives, including: The Global Initiative to Combat Nuclear Terrorism, The Proliferation Security Initiative, and the proposed IAEA Nuclear Fuel Bank to which the UAE made a pledge of US$10 million.

The nuclear summit was aimed at drawing up a plan of action to secure loose nuclear materials, prevent nuclear material smuggling, and deter, detect and disrupt attempts at nuclear terrorism.

The UAE stressed that combating the threat of nuclear terrorism is high on its security agenda. The UAE officials voiced their support of reaching international consensus on adopting a work plan designed to prevent nuclear material and technology from falling in the hands of terrorist organizations.

The UAE's nuclear policy is based on foregoing domestic enrichment and spent fuel reprocessing. The UAE has also made a decision to rely solely on third-generation light-water reactors, which ensures the UAE nuclear industry is free of handling of highly enriched uranium and separated plutonium.

His Excellency Khaldoun Al Mubarak, Chairman of Abu Dhabi Government's Executive Affairs Authority, HE Mohammed Mubarak Al Mazrouei, Undersecretary of the Crown Prince's Court, Yousef Al Otaiba, the UAE Ambassador to Washington, and HE Hamad Al Kaabi, the UAE Ambassador to IAEA in Vienna.