Saudi Arabia is interested in developing cooperation with Ukraine in the agricultural sector, according to Minister of Agrarian Policy and Food Vitaliy Koval, who is on a working visit to the country as part of a Ukrainian government delegation.
According to the Ministry of Agrarian Policy and Food on its website, representatives of the Ukrainian delegation held a meeting with Saudi businessmen, which was attended by more than 80 representatives of various business sectors interested in cooperation with Ukraine.
“I thanked them for their support of our country and for believing in its future despite everything. For example, Continental Farmers Group is a company with Saudi capital that already cultivates 200 thousand hectares of Ukrainian land. They are one of the top 10 largest taxpayers in the agricultural sector, having paid more than UAH 1.6 billion in taxes at various levels last year. And they are planning to expand their capacities. In particular, they plan to grow grain and potatoes in the western regions,” the Minister said.
Another example, according to him, is the Saudi company SALIC, which invested in one of the largest Ukrainian agricultural holdings, MHP, acquiring 12.6% of their shares. In particular, the Minister discussed possible expansion of cooperation with the CEO of SALIC.
“I am pleased that the Saudi side sees the prospects for development in Ukraine. We discussed with them the possibility of cooperation in growing crops, veterinary medicine, and feed production. The business also expressed interest in jointly developing beef cattle breeding and organic products. We will continue to work,” the minister summarized.
The Ukrainian government delegation to Saudi Arabia is preparing for President Volodymyr Zelenskyy’s visit to the country, particularly in the economic sphere, with large-scale public-private partnership projects and “attractive privatization opportunities worth half a billion dollars” already presented, First Deputy Prime Minister and Minister of Economy Yulia Svyrydenko said.
“We started the working visit of the Ukrainian government delegation to Saudi Arabia with a meeting with almost a hundred local entrepreneurs (…) We presented projects in energy, agriculture, and infrastructure. As well as large-scale public-private partnership projects and attractive privatization opportunities totaling half a billion dollars in investment,” she wrote on her Facebook page on Sunday.
According to her, “dozens of meetings will be held in the coming days to prepare President Volodymyr Zelenskyy’s visit to Saudi Arabia.” In particular, important economic agreements with the countries of the region are being prepared for signing.
According to her, “dozens of meetings will be held in the coming days to prepare President Volodymyr Zelenskyy’s visit to Saudi Arabia.” In particular, important economic agreements with the countries of the region are being prepared for signing.
Svyrydenko noted that Saudi Arabia is now actively supporting Ukraine. They have allocated $500 million to support Ukraine’s recovery. “Now we can illustrate the call to invest in Ukraine without waiting for the end of the war with very specific businesses from Saudi Arabia. For example, FAS Energy, which invested in renewable energy in Ukraine. Or SALIC, which last year in September became a co-owner of one of the largest Ukrainian agricultural holdings, MHP, acquiring a 12.6% stake in the company. I am immensely grateful to all those companies that show leadership and that it is possible and necessary to invest in Ukraine now,” Svyrydenko said.
“I am convinced that we have prospects for even more active attraction of investments from the Middle East. Today, we have seen significant interest primarily in infrastructure projects, energy projects, proposals in the field of innovation, agribusiness, especially fertilizer production, where Saudi Arabia has expertise,” the Deputy Prime Minister added.
According to her, exports to Saudi Arabia increased from $291 million in 2023 to $368 million in 2024. “And we expect growth this year as well. We have not yet reached pre-war levels, but I hope we can achieve this, and such business forums will be worth it,” she emphasized.
Saudi Arabia has supported the idea of holding a meeting between US President Donald Trump and Vladimir Putin on its territory and reaffirmed its ongoing efforts to achieve a lasting peace between Russia and Ukraine, the press service of the Saudi Foreign Ministry reported.
“The Kingdom of Saudi Arabia highly appreciates the telephone conversation held between US President Donald Trump and Russian President Vladimir Putin on February 12, as well as the announcement of the possibility of holding a summit between their esteemed two presidents in the Kingdom of Saudi Arabia,” the statement said.
The ministry added that the Kingdom welcomes the summit in Saudi Arabia and reaffirms its ongoing efforts to achieve a lasting peace between Russia and Ukraine.
It is noted that on March 3, 2022, Crown Prince and Prime Minister of the KSA Mohammed bin Salman bin Abdulaziz, during telephone conversations with Putin and Zelensky, “expressed the Kingdom’s readiness to provide its mediation services to achieve a political settlement of the crisis.”
“Over the past three years, the Kingdom has continued these efforts, in particular by organizing numerous meetings on this issue,” the Foreign Ministry added.
President of Ukraine Volodymyr Zelenskyy will visit the UAE and Saudi Arabia, but he will not meet with the Russians or the Americans.
“I have an official visit to the Emirates with my wife, the first lady, because we have a large humanitarian program, and the issue of prisoner exchange. Secondly, after that, I will visit Saudi Arabia with the same issues and another partnership with His Royal Highness. It will be for two or three days. I will have three meetings with President Erdogan in Turkey. I will not meet with the Russians, but I will not meet with the Americans there either,” Zelenskyy told reporters at the Munich Security Conference.
U.S. President Donald Trump and Vladimir Putin are likely to meet for the first time in Saudi Arabia, Trump said on Wednesday in the Oval Office in front of the media.
“Trump and Putin will meet, probably meet for the first time in Saudi Arabia, he told us in the Oval Office,” a CBS News correspondent at the White House said on social media site X.
Earlier it was reported that Trump had a conversation with Putin on Wednesday and almost immediately afterwards Trump called Ukrainian President Volodymyr Zelenskyy.
Source: https://x.com/JenniferJJacobs/status/1889779512574964057
The Ukrainian industrial company Interpipe intends to strengthen and expand its presence in the Gulf countries, especially in Saudi Arabia, and has gathered more than 170 regular and potential customers in Dammam.
According to the company, Interpipe is constantly developing trusting relationships with existing and potential partners and customers, and on November 13, with the support of its regular partner Al-Sayed Center, it held another event for customers in Saudi Arabia. The conference brought together 216 participants from 177 local companies.
It is noted that the conference in Dammam was attended by Ambassador Extraordinary and Plenipotentiary of Ukraine to the Kingdom of Saudi Arabia Anatoliy Petrenko, who spoke about Ukraine. Given the ongoing war in our country, government support helps to assure customers of production stability.
As stated in the information, Saudi Arabia is an important and promising market for Interpipe to increase the company’s share in the pipe segment for the construction industry. The company has been operating in the KSA since 2011 as an approved supplier of pipes for fire extinguishing, cooling and water supply systems in addition to truck wheels under the KLW brand. Some of the well-known projects Interpipe has been involved in over the years include the construction of the King Abdullah Financial District, King Fahd Medical Center and Suleiman Al Habib Hospital in Riyadh, King Abdulaziz International Airport near Jeddah, and the Riyadh Metro.
“We are open to further developing our economic ties in the region. The main goal of the conference in Saudi Arabia was to familiarize potential local customers with our product portfolio, as well as to find new opportunities to expand cooperation with Interpipe’s regular customers. In addition to pipe sizes and steel grades, the participants were interested in investments in production and logistics,” explained Artem Artemov, Director of Pipe Sales in the Middle East.
“Interpipe is a Ukrainian industrial company that manufactures steel pipes and railway products. Its products are supplied to more than 50 countries through a network of sales offices located in key markets in the Middle East, North America and Europe. In 2023, Interpipe sold 387 thousand tons of pipe products and 95 thousand tons of railway products. Rail products are sold under the KLW brand.
Interpipe employs about 9.5 thousand people. The number of employees serving in the Armed Forces of Ukraine or other law enforcement agencies is 950. In 2023, the company transferred UAH 4.4 billion to the budgets of all levels. The ultimate owner of Interpipe Ltd is Ukrainian businessman and philanthropist Victor Pinchuk and his family members.
