Saudi Arabia, South Korea sign MOU on nuclear power

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(Adds companies, other details) KHOBAR, Saudi Arabia, March 4 (Reuters) - Saudi Arabia and South Korea have signed a memorandum of understanding (MOU) to cooperate on the development of nuclear energy, Saudi state news agency SPA said, building on a deal signed in 2011. South Korean President Park Geun-hye met with Saudi Arabia's King Salman on Tuesday in Riyadh during an official visit, SPA said. The MOU calls for South Korean firms to help build at least two small-to-medium sized nuclear reactors in Saudi Arabia, the South Korean presidential ****** said in a statement. Saudi Arabia aims to build 17 gigawatts (GW) of nuclear power by 2032 as well as around 41 GW of solar capacity.

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