EDF and Nawah in pact to maintain Arab world’s first nuclear plant

Barakah nuclear energy plant is nearing completion. (Supplied)
Updated 23 November 2018
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EDF and Nawah in pact to maintain Arab world’s first nuclear plant

  • The Barakah plant, which is currently preparing for operations of the first of its four 1400 MW units, will be the the first nuclear energy plant in the Arab World
  • The agreement means that EDF will provide Nawah with services in a number of areas including operational safety, radiation protection, fuel-cycle management and environmental monitoring

LONDON: EDF and Nawah Energy Company have signed a long-term service agreement for the UAE’s first nuclear power plant.
Nawah is a unit of the Emirates Nuclear Energy Corporation (ENEC), the company that will operate and maintain the Barakah Nuclear Energy Plant that is currently under construction in Abu Dhabi.
The Barakah plant, which is currently preparing for operations of the first of its four 1400 MW units, will be the the first nuclear energy plant in the Arab World.

 

The agreement means that EDF will provide Nawah with services in a number of areas including operational safety, radiation protection, fuel-cycle management and environmental monitoring.
“With this agreement, EDF will be strengthening its position in the UAE’s low-carbon energy sector, thereby reasserting the goal of its CAP 2030 strategy, which is to triple its business volumes outside of Europe by 2030,” said Dominique Miniere, EDF’s senior executive vice president in charge of nuclear and thermal power.
Construction of the Barakah plant began in July 2012 and the overall construction progress for the four units is now more than 90 percent, ENEC said in a statement. The first unit was completed earlier this year.

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Construction of the Barakah plant began in July 2012 and the overall construction progress for the four units is now more than 90 percent.


The Family Office to host global investment summit in Saudi Arabia

Updated 18 January 2026
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The Family Office to host global investment summit in Saudi Arabia

RIYADH: The Family Office, one of the Gulf’s leading wealth management firms, will host its exclusive investment summit, “Investing Is a Sea,” from Jan. 29 to 31 on Shura Island along Saudi Arabia’s Red Sea coast.

The event comes as part of the Kingdom’s broader Vision 2030 initiative, reflecting efforts to position Saudi Arabia as a global hub for investment dialogue and strategic economic development.

The summit is designed to offer participants an immersive environment for exploring global investment trends and assessing emerging opportunities and challenges in a rapidly changing financial landscape.

Discussions will cover key themes including shifts in the global economy, the role of private markets in portfolio management, long-term investment strategies, and the transformative impact of artificial intelligence and advanced technologies on investment decision-making and risk management, according to a press release issued on Sunday.

Abdulmohsin Al-Omran, founder and CEO of The Family Office, will deliver the opening remarks, with keynote addresses from Saudi Energy Minister Prince Abdulaziz bin Salman and Prince Turki Al-Faisal, chairman of the King Faisal Center for Research and Islamic Studies.

The press release said the event reflects the firm’s commitment to institutional discipline, selective investment strategies, and long-term planning that anticipates economic cycles.

The summit will bring together prominent international and regional figures, including former UK Treasury Commercial Secretary Lord Jim O’Neill, Mohamed El-Erian, chairman of Gramercy Fund Management, Abdulrahman Al-Rashed, chairman of the editorial board at Al Arabiya, Lebanese Minister of Economy and Trade Dr. Amer Bisat, economist Nouriel Roubini of NYU Stern School of Business, Naim Yazbeck, president of Microsoft Middle East and Africa, John Pagano, CEO of Red Sea Global, Dr. Anne-Marie Imafidon, MBE, co-founder of Stemettes, SRMG CEO Jomana R. Alrashed and other leaders in finance, technology, and investment.

With offices in Bahrain, Dubai, Riyadh, and Kuwait, and through its Zurich-based sister company Petiole Asset Management AG with a presence in New York and Hong Kong, The Family Office has established a reputation for combining institutional rigor with innovative, long-term investment strategies.

The “Investing Is a Sea” summit underscores Saudi Arabia’s growing role as a global center for financial dialogue and strategic investment, reinforcing the Kingdom’s Vision 2030 objective of fostering economic diversification and sustainable development.