Eng
Esp

Copyright © 2024 Euromaidanpress.com

The work of Euromaidan Press is supported by the International Renaissance Foundation

When referencing our materials, please include an active hyperlink to the Euromaidan Press material and a maximum 500-character extract of the story. To reprint anything longer, written permission must be acquired from [email protected].

Privacy and Cookie Policies.

Saudi Arabia to invest in Ukraine

byVarious internet sources
06/02/2016
1 minute read
Saudi Arabia to invest in Ukraine
Translated by: Anna Mostovych

Saudi Arabia intends to invest $10.5 billion in Ukraine’s agricultural sector, reports the online publication korrespondent.net, February 6, citing Omani newspaper Alwatan (The Homeland).

The announcement was made after a meeting, February 1, in Riyadh, between Ukraine’s Ambassador to the Kingdom of Saudi Arabia, Vadym Vakhrushev, and 25 Saudi businessmen. Meeting participants discussed increased investments between the two countries in agriculture, industry, real estate, and tourism, as well as  other opportunities for closer cooperation.

The Kingdom’s plans are tied to the strategic decision reached several years ago to end local cultivation of wheat in Arabia to conserve water resources and to reorient investment in the agricultural sector abroad. The new policy is to be fully implemented in three years.

Saudi businessmen plan to visit Ukraine to assess investment opportunities in the near future and Ukrainian business representatives also are expected to visit Riyadh.

According to Minister of Agrarian Policy Oleksiy Pavlenko, Ukraine’s total exports of agricultural products in 2015 totaled $14.6 billion, representing 38.2% of total exports.

Translated by: Anna Mostovych
You could close this page. Or you could join our community and help us produce more materials like this.  We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!

To suggest a correction or clarification, write to us here

You can also highlight the text and press Ctrl + Enter

Please leave your suggestions or corrections here



    Euromaidan Press

    We are an independent media outlet that relies solely on advertising revenue to sustain itself. We do not endorse or promote any products or services for financial gain. Therefore, we kindly ask for your support by disabling your ad blocker. Your assistance helps us continue providing quality content. Thank you!

    Related Posts