11:52 01.11.2017

Ukraine is interested in attracting investments from Saudi Arabia – Poroshenko

1 min read
Ukraine is interested in attracting investments from Saudi Arabia – Poroshenko

Ukraine is interested in attracting investments from Saudi Arabia, the press service of Ukrainian President Petro Poroshenko said.

The report says that the president of Ukraine held talks with the managing director of the Saudi Arabia Public Investment Fund Yasir bin Othman Al-Rumayyan, during which the parties discussed the possibilities for further expansion of investment cooperation between Ukraine and Saudi Arabia.

"We welcome the participation of Saudi state and private capital in the implementation of attractive mutually beneficial projects on the territory of Ukraine, in particular in such areas as aircraft construction, agriculture, shipbuilding, defense industry, energy, tourist and recreational infrastructure, as well as in the process of privatization in our country," the press service quoted Poroshenko as saying.

The president invited Saudi companies to participate in privatization in Ukraine.

For his part, Yasir bin Othman Al-Rumayyan informed about the activities of the Public Investment Fund in the framework of the ambitious plan of economic reforms of Saudi Arabia's Vision 2030 aimed at weakening the country's dependence on oil sector revenues. As of 2017, the fund's assets amount to $160 billion.

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