Mubasher: Ukraine seeks to attract more GCC investors after its association agreement with the European Union (EU) opened up new markets for the former Soviet nation.
Despite the current political conflicts in the country, the Ukraine-EU association agreement has been a “game changer” that supported the country against Russian sanctions, chairman of UkraineInvest and chief investment adviser of Ukrainian prime minister told Arabian Business.
With preferential access to the EU, “companies that invest in Ukraine will be able to get access into EU markets on favourable terms,” Daniel Bilak added.
Ukraine conducted several talks with senior representatives from the UAE and Saudi Arabia, the UkraineInvest chairman revealed.
“About three years ago, Ukraine and the Gulf countries didn’t know much about each other. [They] were trading some grains, but the new geopolitics of the world have made both regions much more interesting to each other. There are huge opportunities,” Bilak noted.
In September 2018, the Saudi Agricultural and Livestock Investment Company (SALIC) acquired the Ukrainian farming company Mriya Agro in a deal which ran into hundreds of millions of dollars.
