Ukraine Investment Fund, established under the management of Norwegian state investment fund Norfund, is investing approximately NOK 100 million (EUR8.5 million) in the expansion of the M10 industrial park in Lviv, according to a press release from Dragon Capital.
“An important part of Ukraine’s sustainability is supporting the economy. The Investment Fund’s first investment in Ukraine is a good example of how the fund will contribute to this by investing in sustainable businesses and infrastructure projects,” said Norwegian Minister of International Development Osmund Okrust, whose words are quoted in the press release.
According to Norfund CEO Tellef Torleifsson, the investment in M10 will create several thousand jobs.
The Ukraine Investment Fund was established in December 2024 and is managed by the Norwegian investment fund Norfund. The fund intends to support sustainable business and create jobs in Ukraine with a focus on risky projects involving private capital.
As reported, the first building of M10 Lviv Industrial Park in Lviv, which is being implemented by Dragon Capital in partnership with the European Bank for Reconstruction and Development (EBRD), has received the international EDGE certificate.
The M10 industrial park is being built in the industrial zone of the Riasne-2 microdistrict in Lviv, 60 km from the border with Poland. The total area of the site is 23.5 hectares, which allows for the construction of six phases of production, warehouse, and office buildings in accordance with international standards of sustainable development.
The EBRD is a 35% shareholder in the project, and its total investment could reach $24.5 million.
In September 2023, the World Bank’s Multilateral Investment Guarantee Agency (MIGA) provided M10 Lviv Industrial Park with 10-year insurance against military risks.
The first phase of the industrial park, a 14,400 sq m Class A warehouse complex, was completed and commissioned in February 2024. The facility was fully leased by Aurora, one of the leading national retail chains.
Dragon Capital is one of the largest groups of companies in Ukraine, which has been operating in the field of investment and financial services since 2000 and provides a full range of investment banking and brokerage services, direct investments, and asset management.
Dragon Capital Property Management is the management team that manages the company’s commercial real estate portfolio. It manages 25 properties (business centers, shopping and entertainment centers, and logistics complexes) with a total area of 560,000 square meters, making the company one of the largest players in the real estate market in Ukraine.
INDUSTRIAL PARK, Norwegian fund, Ukraine Investment Fund, М10
The Cabinet of Ministers of Ukraine has included the Korosten-Podilsky project, with a total area of 78.0236 hectares in the city of Korosten, in the Register of Industrial Parks. The project was initiated by the city council, according to the Ministry of Economy. According to the concept, the park will house woodworking, textile, metal products, and machine-building enterprises, as well as other non-metallic mineral products, machinery and equipment, concrete products, bricks, construction mixtures, and the development of activities in the field of information and electronic communications.
The creation of the park is expected to provide 2,300–4,000 new jobs in the manufacturing industry. To attract investment, the Korosten City Council adopted a Comprehensive Community Economic Development Program for 2025–2027. The program provides for the promotion of the functioning and development of industrial parks in the amount of UAH 150 million and the development of design and estimate documentation for the park’s engineering and transport infrastructure in the amount of UAH 2.5 million.
The term for the creation of the park is 30 years. The decision was adopted on the evening of November 13. Taking this decision into account, there are 109 industrial parks in the Register.
CABINET OF MINISTERS, INDUSTRIAL PARK, Korosten-Podilskyi, REGISTER
The Cabinet of Ministers of Ukraine has included the 21.61-hectare NEXUS Odessa project in the Nerubayskaya territorial community of the Odessa region in the Register of Industrial Parks, according to the Ministry of Economy. The initiators of the project are Ecosstandard Service LLC, owned by businessman Lev Partskhaladze and Georgiy Tsagareishvili.
The park will focus on the production of food and beverages, machinery and equipment, metal structures and products for construction, building materials, and projects in the field of alternative energy. It is planned to create about 1,000 jobs.
The project involves attracting more than UAH 747.7 million from various sources: own investments, funds from the management company, state incentives, private financing, and contributions from future participants. The initiator has allocated about UAH 60 million of its own funds for the initial stage in 2025–2028.
Ekostandart Service LLC was registered in December 2014 with a statutory capital of UAH 12.66 million. Its main activities are the collection, processing, disposal, and recovery of safe waste. The ultimate beneficiaries are Lev Partskhaladze and Georgiy Tsagareishvili.
The term of the park’s creation is 30 years. The decision was made on November 13. Taking into account new projects, there are 109 objects in the Register of Industrial Parks.
Bio Thermo Pack LLC (Khmelnytskyi region), which specializes in the production of paper and cardboard, has become a member of the Teofopil Eco Park industrial park (Teofopil village, Khmelnytskyi region), according to the Ministry of Economy.
According to the ministry, it received a corresponding notification from the industrial park’s management company, Teo Green Invest LLC, which, according to opendatabot, is part of the Ukraine 2001 group of agricultural companies, whose president and ultimate beneficiary is entrepreneur Vadym Leivi.
Bio Termo Pak LLC was established in March 2025 with a registered capital of UAH 100,000. Its activities include the production of paper pulp, corrugated cardboard and paper, paper and cardboard packaging.
The Teofopil Eco Park industrial park was registered in December 2024 and covers an area of 30.87 hectares.
According to the Ministry of Economy, the total investment in the construction of facilities on its territory is estimated at approximately UAH 2.43 billion, with plans to create 1,550 jobs in the paper and related processing industries.
In addition to the production of paper and cardboard products, the IP concept provides for the production of biogas and bioethanol, bioplastics, as well as the food industry and alternative energy.
The initiative to create the industrial park was launched by the Teofopilskaya village council.
The park is located next to the Teofipol Energy Company and the Teofipol Sugar Factory, whose ultimate beneficiary is also Levey.
According to opendatabot, Ukraine 2001 LLC received UAH 4.88 billion in net income and more than UAH 2 billion in net profit in 2024.
The Ma’Rizhany Industrial Park (Zhytomyr region) plans to double its industrial hemp processing capacity, according to Dmytro Kysilevsky, deputy head of the Verkhovna Rada Committee on Economic Development, on Facebook.
He noted that as of early August 2025, the plant will be able to process 10,000 tons of hemp per year. Increasing the area under cultivation to 4,000 hectares will allow the plant to reach a processing capacity of 20,000 tons of raw materials per year. In the 2025 season, there will be more than 1,600 hectares of industrial crops within a 20 km radius of the park.
“The Ma’Rizhany industrial park is actively persuading farmers in the Zhytomyr region to switch from unstable and politicized grain supplies to the European Union to long-term contracts with Ukrainian customers for a new, promising, and traditional crop for Ukraine. Well, the demand for hemp fiber is growing on the world market, which is the best financial guarantee for farms that will become partners of the industrial park,” Kysilevsky said.
The MP expressed confidence that the industrial park has enough free space to accommodate the next stages of deep processing of industrial hemp.
In May 2025, the largest industrial hemp primary processing enterprise in Ukraine began operations in the Ma’Rizhany industrial park. Ma’Rizhany Hemp Company renovated an old flax factory and built a modern production facility with a capacity of 14,000 tons per year of long fiber for the textile industry. It is expected that related processing products, such as short fiber and chaff, will find application in nonwoven materials (heat and sound insulation), paper, building blocks, chipboard, and bioplastics.
As reported, IP “Ma’Ryzhany” occupies about 30 hectares, the territory of a former flax processing plant. It will be the first park in Europe for the primary processing of bast crops. It was entered in the Register of IPs in August 2024. It is planned to create more than 700 jobs.
The Vitagro group of companies plans to begin the first phase of construction work on the new ABC Hub industrial park in the Khmelnytskyi region in the second half of 2025, with production lines expected to be launched by the end of 2028, according to a press release from Vitagro.
According to the group’s press release, the 11-hectare IP will house enterprises for the processing of agricultural raw materials, food production, packaging, as well as warehousing complexes, research centers, laboratories, logistics infrastructure, and commercial facilities.
As reported, the Ukrainian government registered the ABC Hub industrial park at a meeting on Wednesday, and the initiative to create the park came from the private manufacturing and commercial enterprise Budzalizobeton, which is part of the Vitagro group of companies.
The group reports that the total investment in the project is estimated at UAH 1.65 billion.
“At the first stage, the Vitagro group will invest UAH 127 million of its own funds in preparatory and land works, design, connection to networks, and infrastructure preparation of the territory. In the future, Vitagro plans to invest about $35 million in ABC Hub,” the press release says.
As reported, the initiator or managing company of the IP may receive up to UAH 150 million in co-financing from the state for the construction of engineering and transport infrastructure.
According to project estimates, at least 350 new jobs will be created at the park, about 300 of which will be production personnel and the rest administrative.
“Salaries are planned to be 30-45% higher than the regional average,” the press release states.
The group expects a significant economic effect – ABC Hub’s gross domestic product will range from UAH 6.9 billion in 2027 to UAH 13.7 billion in 2033.
“Thanks to this, more than UAH 13 million will be transferred to local budgets each year in the form of personal income tax, a single social contribution, and a military levy,” the group’s press service said.
Founded in 1998, the Vitagro group of companies is one of the largest industrial groups in Ukraine with assets in the agricultural, energy, processing, construction, and chemical industries. It owns enterprises in the Khmelnytskyi, Rivne, Volyn, Ivano-Frankivsk, and Kyiv regions. It cultivates about 90,000 hectares of land and is also engaged in livestock breeding, horticulture, renewable energy, fertilizer and feed production, construction, and the production of building materials.
During the full-scale invasion, the group built and launched five processing plants. Vitagro’s head office is located in Khmelnytskyi.
According to the Unified State Register of Legal Entities and Individual Entrepreneurs, the ultimate beneficiary of the investment company Vitagro is People’s Deputy Serhiy Labazuk (parliamentary faction “For the Future”).
