Ukraine interested in attracting investments from Saudi Arabia - Poroshenko

Ukraine interested in attracting investments from Saudi Arabia - Poroshenko

Ukraine is interested in attracting investments from Saudi Arabia and involving Saudi companies in the privatization processes in the country.

Ukrainian President Petro Poroshenko said this during negotiations with Managing Director of the Public Investment Fund of the Kingdom of Saudi Arabia Yasir Othman Al-Rumayyan, the presidential press service reported.

"We welcome the participation of Saudi state and private capital in the implementation of attractive, mutually beneficial projects on Ukrainian territory, in particular, in such areas as aircraft engineering, agriculture, shipbuilding, defense industry, energy, tourism and recreation infrastructure, as well as in the process of privatization in our country," Poroshenko said.

During the meeting, the sides discussed the possibility of further expansion of investment cooperation between Ukraine and Saudi Arabia.

The president informed the Saudi side of the progress of reforms in Ukraine and measures aimed at improving the business climate and increasing the investment attractiveness of Ukraine. He also invited Saudi companies to take part in privatization in Ukraine.

Yasir Othman Al-Rumayyan, in turn, spoke about the activities of the Public Investment Fund as part of the implementation of an ambitious economic reform plan Saudi Arabia's "Vision 2030," which is aimed at easing the country's dependence on oil revenues. As of 2017, the assets of the fund amounted to $160 billion.


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