The State of Qatar and Ukraine have strong political dialogue and already enjoy mutually beneficial economic and trade cooperation.
Trade between both countries boosted after Ukraine reached an agreement with Qatar regarding the opening of its domestic market to Ukrainian products. Ukrainian companies are now able to export meat products such as poultry and beef along with dairy, eggs and fish products. As a result, in 2020 Ukrainian export to Qatar reached $132 million with the total bilateral trade (in goods) accounting for $140 mln.
Qatari investments in Ukraine increased severalfold after QTerminals, Qatari leading port operator, has won the concession competition for Olvia port in Mykolaiv. As a matter of fact, that is one of the largest foreign direct investments into the port industry of Ukraine since its Independence.
However there is a significant room for development of cooperation between two countries. In order to foster collaboration between two counterpart organizations, UkraineInvest and Investment Promotion Agency of Qatar, an online meeting has been held today, involving the Embassy of Ukraine to the State of Qatar and QUBF.
This meeting marked the beginning of fruitful cooperation between the two sister organizations and a chance to exchange experience. UkraineInvest CEO Sergiy Tsivkach and CEO of Investment Promotion Agency of Qatar H.E. Sheikh Ali Alwaleed Al-Thani shared their perspectives on how organizations can cooperate best. For instance, there is a lot of interest in food security, infrastructure and cybersecurity.
During vibrant discussion moderated by Andrii Kuzmenko, Ambassador Extraordinary and Plenipotentiary of Ukraine to the State of Qatar, it was agreed that next steps would be the MOU signing between UkraineInvest and Investment Promotion Agency of Qatar and organization of the joint event for Qatari and Ukrainian business.
