This was discussed at a meeting between the management of UkraineInvest and the head of the State Property Fund of Ukraine, Vitaliy Koval.
The parties discussed strategic steps for cooperation.
Ukraine has significant promising assets that attract the interest of foreign investors. Their development is possible both through public-private partnership projects and through the privatisation process. Therefore, the institutions can cooperate in the formation of investment policy, as well as in attracting non-state investment in public sector entities, in particular through the implementation of investment projects on the basis of joint or investment activities.
“Given that foreign investors may be potentially interested in properties under the jurisdiction of the SPFU, close cooperation between UkraineInvest and the SPFU is an important prerequisite for attracting investment to Ukraine. Brownfield assets, i.e. existing production facilities or real estate that is abandoned or not being used economically, are beneficial to business because of the communications available there. We have an opportunity, for example, to create a powerful movement of industrial parks on the basis of such objects,” said Oleksandr Melnychenko, Acting Executive Director of UkraineInvest.
Currently, the State Property Fund of Ukraine controls 1.5 million state-owned objects, including real estate, production facilities, ports, hotels, distilleries and grain processing complexes. The Fund’s management aims to make these assets available for investment. According to the head of the SPFU, this is a strategic task for the current year.
“In 2024, the SPFU’s activities will be expanded through the privatisation of large state assets, as well as new areas such as the lease of agricultural land and the sale of sanctioned assets. The Fund is ready to cooperate with foreign investors, as successful privatisation cases will draw attention to the Ukrainian economy,” said Vitaliy Koval.
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