The agreement specifies that the South Korean government would assist the UAE in constructing its peaceful nuclear programme for over 20 years.
UAE has won Western support for its nuclear energy plans which would assist UAE to meet its increasing demand for electricity without tapping export crude.
By 2017, the UAE plans to construct a number of reactors to meet an estimated requirement for an additional 40,000 megawatts of electricity.
UAE has assured that it would draw up legislation to govern the nuclear sector and set up a regulatory authority and an international advisory board of experts.
US President Barack Obama has approved a nuclear energy deal with the UAE in May 2009, which values potentially billions of dollars to US energy companies.
GE Energy and Westinghouse Electric Company, LLC, stand to secure a big share of the expected $40 billion market if the US Congress approves the deal.
In May 2009, UAE has reported the International Atomic Energy Agency that it aims to have its first nuclear power plant ready in 2015, an IAEA director said.
