On February 16, Poland hosted the international forum “Recovery Construction Forum” in the framework of the international exhibition “ReBuild Ukraine” dedicated to the reconstruction of Ukraine. The event was attended by Yevhenii Shakotko, Deputy Executive Director of UkraineInvest.
The purpose of the forum was to create a platform for further communication between the construction sectors of partner countries to accelerate the restoration of Ukrainian affected communities.
The event brought together 400 offline participants, including representatives of the construction industry from the UK, Poland, Germany, France, Italy, and other countries.
During the discussion panel on the topic “Directions of Reconstruction: Housing, Infrastructure, Industry”, Yevhenii Shakotko voiced current data on direct damage caused to Ukraine’s infrastructure as a result of russia’s full-scale invasion. By December 2022, according to the calculations of the Kyiv School of Economics, the corresponding losses amounted to approximately $138 billion. Of these, more than $54 billion (39%) were losses inflicted on Ukraine’s housing infrastructure.
“Restoration of residential infrastructure and industrial complexes will be key factors in the growth of the Ukrainian construction market, creating demand for building materials. In turn, this will create new investment opportunities in the sector of building materials production.”- emphasized Yevhenii Shakotko.
The structure of Ukrainian exports in past years indicates a significant basis for the launch of new building materials production in terms of raw material processing (aluminum, kaolin, iron ore, etc.) and scaling of existing finished product production (cement, ceramic tiles, plastic products, etc.).
In addition, Yevhenii Shakotko emphasized that the two main mechanisms for stimulating investments that can be used by building material producers when launching investment projects in Ukraine are state support for industrial parks and support for investment projects with significant investments offering a range of tax, customs, land and other investment incentives.
“To join the reconstruction of Ukraine, you don’t have to wait for the war to end. It is necessary to plan investments in advance and consider current investment opportunities. The team of the UkraineInvest government office will provide the necessary information, consulting and organizational support to projects at all stages of their implementation,” summed up the Deputy Executive Director.
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