UkraineInvest will support Terwin’s investment project for the construction of logistics hubs in four regions of Ukraine with a total investment volume of more than $500 million, Terwin’s press service told Interfax-Ukraine.

"UkraineInvest CEO Sergiy Tsivkach and Terwin founder Ruslan Shostak signed a memorandum on further support of the investment project by the institution in accordance with the law of Ukraine on state support of investment projects with significant investments," the report says.

"Economic development and the prospects for European integration require developed logistics in Ukraine. We developed this investment project based on our own needs and the needs of the market. According to experts, there is a shortage of 500,000 square meters of warehouse space in Kyiv region and another 500,000 square meters throughout Ukraine. Based on this, we started the construction of the logistics hub, which includes four complexes in four regions of Ukraine (Odesa, Lviv, Dnipro, and Kyiv). Construction of the first phase in Odesa region has already begun. The total investment in this large-scale project will amount to about $1 billion," said Ruslan Shostak.

"The state's willingness to establish the terms of cooperation with investors as equal partners is an important positive marker for the investment community. Access to state support is open to everyone. The main thing is to formulate a project for a certain amount of investment. I am grateful to Ruslan Shostak and the entire Terwin Group team for their cooperation and development of Ukraine's economy," said UkraineInvest CEO Sergiy Tsivkach.