Business news from Ukraine

PM: UAE EXPERIENCE USEFUL FOR UKRAINE IN CONTEXT OF UKRAINIAN CUSTOMS REFORM, CREATION OF INDUSTRIAL PARKS

17 October , 2016  

KYIV. Oct 17 (Interfax-Ukraine) – Ukrainian Prime Minister Volodymyr Groysman has expressed his interest in experience of the United Arab Emirates (UAE) in creation of specialized economic zones and invited representatives of the UAE to take part in the privatization of Ukrainian state-run enterprises.

The press service of the Ukrainian government reported last week that Groysman met Board Chairman and CEO of DP World (UAE) Sultan Ahmed Bin Sulayem. The sides discussed opportunities and potential spheres for attracting investment from the UAE to projects in Ukraine.

The prime minister welcomed investment plans of UAE in Ukraine.

Among potential spheres for investing in Ukraine is energy, agriculture, infrastructure, IT and pharmaceutical sectors, Groysman said.

“We are interested in developing infrastructure, logistics capabilities of the port infrastructure. We are ready to provide help and accompany those projects that would be interesting for you in Ukraine,” he said.

The prime minister also invited UAE representatives to participate in the privatization of Ukrainian state-run enterprises.

He said that the creation of high-quality business climate and success of investors is one of the top priorities of the Ukrainian government. Groysman said that soon the Investment Support Office starts operating in Ukraine.

In turn, Sultan Ahmed bin Sulayem said that there are many opportunities for cooperation in Ukraine. He said that at a meeting with Ukrainian Infrastructure Minister Volodymyr Omelyan a letter of intent was signed. An agreement on cooperation between P&O Maritime and Odesa seaport was reached. A memorandum of cooperation with DP World to develop the port sector in Ukraine was also signed.

He also expressed interest in creating specialized economic zones in Ukraine. He said that he is ready to share experience in operating the customs service in the UAE.