The statement quoted Development Minister Miklós Seszták as saying at the signing ceremony that the pact was a testament to Hungary’s progress in nuclear energy. Hungary has for years placed great emphasis on helping countries planning to adopt nuclear energy, the ministry said, adding that the deal is a “milestone” in Hungary’s eastern opening strategy.

The ministry added that MVM OVIT, the power line unit of Hungarian energy company MVM, signed an agreement with structural steel company Arabian International Company on the establishment of a joint venture.

The cooperation will give MVM OVIT a chance to participate in future power line tenders in Saudi Arabia, the ministry said.

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