Ukraine to receive USD 10.5 mln of investments from Saudi Arabia
11:16, 8 February 2016

Ukraine to receive USD 10.5 mln of investments from Saudi Arabia

The entrepreneurs are to invest in Ukrainian agriculture

11:16, 8 February 2016

Associated Press

Ukraine's agricultural sector could get 10.5 million of dollars of investments from entrepreneurs in Saudi Arabia, reported with the reference to Saudi newspaper Al-Watan.

On February 8, Ukraine’s Ambassador in Saudi Arabia Vadym Vakhrushev held negotiations with 25 Saudi businessmen in Riyadh. The sides discussed possible increase of investments between the countries in such areas as agriculture, industry, real estate sector and tourism.  

The initiative of the Saudi side might be explained by stoppage of growing wheat in the country, and the government’s decision to invest in the agriculture abroad.

The decision to invest in Ukraine’s agricultural branch will come into force by early 2019, Al-Watan wrote.

In the near future, the Saudi entrepreneurs plan to visit Ukraine in order to assess its investment capabilities. Ukrainian businessman are expected to come to Saudi Arabia with return visits.

Previously, Ukraine's Minister of Agrarian Policy Olexiy Pavlenko said export to Russia amounts to just 2% from the entire amount of agroexport of Ukraine.     

Related: Export of agricultural products to Russia amounts to 2%

Related: Large agricultural holding invests 24 mln euros in Ukraine

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