EconomyInvestmentsPolitics Ukraine presents tasks valued at $500M to traders in Saudi Arabia. Tuesday, February 18, 2025

A Ukrainian delegation in Saudi Arabia engaged in discussions to deepen financial cooperation with practically 100 native entrepreneurs. They offered these companies with promising funding alternatives in vitality, agriculture, agro-processing, and infrastructure. Furthermore, collaboration in public-private partnerships and the involvement of Saudi Arabian corporations in privatization had been additionally mentioned. The potential investments that had been offered quantity to $500M.

Minister of Financial system Yulia Svyrydenko emphasised that Saudi Arabia actively helps Ukraine, noting that it has already allotted $500M for reconstruction.

“Now we will illustrate the decision to spend money on Ukraine with out ready for the struggle to conclude, showcasing explicit companies from Saudi Arabia. As an example, FAS Vitality invested in renewable vitality in Ukraine, and final yr, SALIC turned a co-owner of one of many largest Ukrainian agro holdings, MHP, buying 12.6% of the corporate’s shares,” she added.

Based on the minister, exports to Saudi Arabia rose from $291M in 2023 to $368M in 2024.

A joint discussion board with enterprise representatives from each international locations will happen in Might.