Up to $5 B a year: UkraineInvest plans to boost inflow of investment in production

Up to $5 B a year: UkraineInvest plans to boost inflow of investment in production

15.12.2021 10:27

Ukraine’s Investment Promotion Office (UkraineInvest) plans to boost the inflow of foreign direct investment in the production sector of Ukraine up to $5 billion a year by 2025.

“Our program aims to boost the annual inflow of foreign direct investment to Ukraine at the level of $5 billion by 2025. As of the first half of 2021, we see that the inflow of foreign direct investment in the production sector is $1.5 billion” UkraineInvest Executive Director Sergiy Tsivkach said at the 2nd annual forum “MAKE in UA” on December 14, an Ukrinform correspondent reported.

As noted, on December 14, the first formal application for investment projects with significant investments was filed to the Ministry of Economy of Ukraine and another one will be submitted by the end of the week. The total amount of two applications exceeds $96 million.

“What kind of pilot projects do we choose first and foremost? These are projects from the USA, Great Britain, Germany, France, and the Nordic countries. As of today, the general accumulated volume of investments from these countries stands at $8.5 billion. The share of these investments in production totals $2.3 billion,” Tsivkach noted.

He emphasized that the priority areas for investing are both traditional sectors such as agro-processing, pharmaceuticals, furniture production, and sectors that have a high level of innovation and added value: machine building, electronics, etc.

(C)UKRINFORM 2021

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