A Ukrainian delegation started an official go to to Saudi Arabia with a gathering involving almost 100 native entrepreneurs.

Supply: Ukraine’s Ministry of Economic system

Particulars: Yuliia Svyrydenko, Ukraine’s First Deputy Prime Minister and Minister of Economic system, "offered promising funding alternatives in vitality, agriculture, infrastructure and different sectors" throughout the assembly in Riyadh on 16 February.

The discussions additionally coated the participation of Saudi corporations in Ukraine’s privatisation course of.

Within the coming days, the delegation will maintain dozens of conferences to organize for President Volodymyr Zelenskyy’s go to to Saudi Arabia.

Quote from the Ministry: "The Ukrainian aspect launched Saudi companies to the present financial scenario in Ukraine, the funding alternatives the nation affords to international traders, and the measures being carried out to create and assist a beneficial funding local weather.

Potential traders had been knowledgeable about programmes supporting tasks with vital investments, industrial park improvement instruments and struggle danger insurance coverage."

Quote from Svyrydenko: "I’m satisfied that now we have prospects for even larger funding engagement from Center Japanese international locations. In the present day, we noticed appreciable curiosity, significantly in infrastructure tasks, vitality, innovation, and agribusiness, particularly fertiliser manufacturing, the place Saudi Arabia has experience.

Our joint efforts are already yielding outcomes, albeit in small steps. Exports to Saudi Arabia grew from US$291 million in 2023 to US$368 million in 2024, and we count on additional development this yr."

Background:

• Reuters beforehand reported that Russia is contemplating Saudi Arabia and the UAE as potential areas for a gathering between US President Donald Trump and Russian chief Vladimir Putin.
• On 15 February, Politico and Bloomberg reported that senior Trump administration officers had been travelling to Saudi Arabia to start peace talks with Russian and Ukrainian negotiators.
• On 14 February, President of Ukraine Volodymyr Zelenskyy introduced that he would go to the United Arab Emirates, Saudi Arabia and Türkiye within the coming days. He acknowledged that there can be no conferences with representatives of Russia or the USA throughout these journeys.

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