Business news from Ukraine


30 November , 2021  

The Ministry of Agrarian Policy and Food of Ukraine held a number of meetings with representatives of the government and business of the Kingdom of Saudi Arabia, the parties agreed to develop a number of interstate agreements in the field of the agro-industrial complex, and also discussed investments in the Ukrainian agro-industrial complex, Minister of Agrarian Policy Roman Leschenko said on Facebook.According to him, Ukraine and Saudi Arabia agreed to develop a comprehensive framework agreement between the countries in the field of agriculture, to diversify sources of supplies of phosphate fertilizers to Ukraine, to increase support from Saudi Arabia for processing Ukrainian agricultural products and implement investment projects for processing and logistics of agricultural products.The agency also discussed with the Arabian company Ajlan & Bros Holding Group the possibility of investing in the production of agricultural products in Ukraine, with Almarai – growing alfalfa for its supply to v Saudi Arabia, with the Saudi Fund for Development – the issues of financial support for irrigation projects, with ARASCO – increasing the volume of grain purchases in Ukraine, with Saudi EXIM Bank – financing the agricultural sector of Ukraine.“One of the key tasks in the near future is to bring the negotiation process to a successful conclusion. We are continuing the dialogue, strengthening trade and investment cooperation with Ukraine’s strategic partner in the agricultural sector,” the minister summed up.As reported, the Ministry of Agrarian Policy and the Arabian manufacturer of irrigation equipment Alkhorayef Group on November 27 signed a memorandum allowing the possibility of starting its production in Ukraine . According to the ministry, Alkhorayef Industries is the third largest manufacturer of irrigation machines in the world and the first in the Arabian Peninsula. Its activities are spread in 40 countries of the world, they produce industrial, agricultural and irrigation equipment.