Business news from Ukraine

KOEN GROUP PLANS TO BUILD TRADE AND EXHIBITION CENTER WORTH $500 MLN NEAR KYIV

Koen Group LLC (Kyiv) plans to build a trade and exhibition center worth $500 million near Kyiv in four years, head of the company Naum Koen has said at a press conference. According to him, the complex will be located on a plot of 105 hectares 13 km from Kyiv on the Odesa highway. The project includes a wholesale market with a parking lot for 10,000 cars, as well as a large exhibition center with three hotels. The start of the project is January 2019. It is planned to open the wholesale market in two years, while the implementation of the exhibition center will take another two years.
“We also plan to build a large concert hall for 7,000 seats. There will be three complexes – a trade one, exhibition and a concert hall,” he told Interfax-Ukraine. According to him, the investor in the project could be Cyrus Poonawalla, the head of Poonawalla Group vaccine manufacturer. “I am interested in this project, but I should study it better and then make a decision on investing,” the expert said.
Koen Group LLC was registered in 2016. According to the unified state register of legal entities and individual entrepreneurs, its owner is Naum Koen. The charter capital of the company is UAH 300 000 000,00.

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