Hungary and the Kingdom of Saudi Arabia signed a cooperation agreement on the peaceful uses of nuclear energy in Riyadh on Monday reported the Ministry of National Development.
Minister for National Development Miklós Seszták said over the phone that Hungary has been invited to participate in Saudi nuclear energy projects, which is a high recognition of the Hungarian nuclear expertise.
Hungary puts great emphasis on assisting nations that plan to expand their nuclear energy sector; Hungary's thirty years of operating experience and fifty years of education, research and development make it a worthy partner in development of nuclear energy explained Seszták.
Saudi Arabia initiated a nuclear energy cooperation with Hungary in the 2012; besides other participants, which include France, China, South Korea and the Russian Federation Hungary has been also invited to bid on Saudi nuclear projects.
The agreement includes scientific and technical information exchange, patents and technology sharing, exchange of researchers, engineers and technicians as well as development of training programs and technical assistance said the minister.
The nuclear energy agreement signed with Saudi Arabia is part of the Hungarian government's Eastern partnership program announced in 2011; the agreement helps maintaining macroeconomic stability and promote economic growth that may open new ways of cooperation in the nuclear energy sector said Seszták.
During Seszták's visit, MVM OVIT Zrt. has signed a joint venture agreement with Saudi Arabian International steel manufacturing company. The cooperation agreement enables the companies to bid in high-voltage grid construction and local power station construction tenders.
(Orientalista.hu – MTI – hungarianambiance.com)