Business news from Ukraine

MYKOLAIV DESIGNS 16 BUSINESS PROJECTS TO ATTRACT INVESTORS

27 January , 2017  

KYIV. Jan 27 (Interfax-Ukraine) – Municipal institution Mykolaiv Development Agency has designed 16 business projects to attract investors to the city, Agency Director Vasyl Hoshovsky has said.

“These are turn-key businesses ready to be introduced as investment projects. Today we have drawn up 16 projects. The main thing is that we have worked out a scheme how we can design these projects and we will work on it in the future,” Hoshovsky said at a press conference at Interfax-Ukraine in Kyiv on Thursday.

He said that first 16 business cases are first linked to those spheres of business which are of top priority for Mykolaiv today and which have advantages compared to other cities and regions of Ukraine.

“These are projects with investments from $1 million to around $50 million. The key spheres are small-size shipbuilding, agricultural product processing and agroindustrial complex. A project to build a class A shopping and leisure center is also proposed. This is one of the largest projects in the business cases,” Hoshovsky said.

He said that the website Invest in Mykolaiv was designed for potential investors. The website is being tested and will be launched soon. Investors will be able to see land parcels on the city’s map that will be put up for auction. The parcels can be used for construction and municipally-owned facilities. They will be put up for sale or leasing.

Mykolaiv Mayor Oleksandr Senkevych said that city authorities have shaped the first version of the investment map of the city intended to show competitive advantages of Mykolaiv to potential investors.

“This is a first tool of this level in Mykolaiv. It makes clear the things we have not only for residents of the city, but for people who are looking for territories for investment,” Senkevych said.

He said that in 2016 private investment in Mykolaiv totaled $320 million. Most of it was sent to develop the port zone of the city and construction of terminals.

Senkevych said that in 2017 investment in the city could fall, as there are no large projects that would be launched soon.

“There is the internal investor – the company Nibulon. It seeks to invest in its fleet expansion and starts river communications… I think that the zone adjacent to the port near rivers will start developing,” he said.