BGV Group Management signed a memorandum on further cooperation with two companies in the construction sector during a meeting of the Joint Ukrainian-Saudi Business Council, the BGV press service told Interfax-Ukraine .
The meeting of the Joint Ukrainian-Saudi Business Council brought together representatives of government institutions, relevant organizations, and leading companies from Ukraine and the Kingdom of Saudi Arabia. The Ukrainian side in Riyadh was represented by private companies from key economic sectors, which together employ more than 150,000 people and account for about 4% of the country’s GDP. The total potential of the projects presented in the capital of the Kingdom exceeds $1 billion.
The memorandum signed by BGV Group Management provides for negotiations, exploration of joint opportunities, and planning of specific steps to implement potential projects.
In addition, the BGV team participated in the UNIDO conference, where it discussed future areas of cooperation with partners from Saudi Arabia. The company also joined the promotional event “Investment Dialogue: Mobilizing Gulf Capital For Sustainable Industrial Growth In Ukraine,” where it presented its own investment initiatives, particularly in the field of mineral extraction.
As a result of the Council’s work, the parties agreed to create industry working groups, prepare a roadmap for cooperation, and plan the next meeting in an expanded format.
BGV Group Management is an investment group founded by Gennady Butkevich in 2015. The company has five business areas, within which it develops projects in mining, energy and infrastructure, retail, development, and education and sports. Since 2022, the BGV team has begun to focus on development, given the priority of restoring and constructing new residential, commercial, and other infrastructure facilities in Ukraine.
Since 2022, BGV has begun to focus on development, given the priority of restoring and constructing new residential, commercial, and other infrastructure facilities in Ukraine. In June 2024, a new company, BGV Development, which is engaged in development projects, joined the group. The construction ecosystem includes a manufacturer of aerated concrete under the Poriston brand (formerly Aerok), with three projects completed and five in progress, including the Equides Villas cottage community and two residential projects in partnership with SAGA Development.
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