Ukraine and UAE are ready to intensify investment in long run

12:09, 30 November 2010
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Ukraine is interested...

Ukraine is interested in attracting investments and increasing cooperation with Arab investors in long-term projects, according to the Department of Information and Communication of the Secretariat of the CMU. Prime Minister of Ukraine Mykola Azarov stressed this at a meeting with a member of the Government of Abu Dhabi Investment Authority managing director of Abu Dhabi, Sheikh Hamed bin Zayed Al Nahayan (United Arab Emirates).

During the meeting the Ukrainian Premier stressed the need to attract large investments into Ukrainian economy. "Ukraine needs investments" - he said and added that the priority is agriculture, particularly production of farm machinery. "Let us, for example, create together a plant for agricultural equipment: combines, tractors of various modifications" - invited Mykola Azarov, giving the ground to the proposition by real need for the market in which only farmers - buyers of equipment – make 60 000 people. The Head of Government noted that in Ukraine 6 factories producing agricultural equipment have become outdated and need upgrading, and hence investment.

In addition, as the Prime Minister noted, the interest for investors may be the huge ports of Ukraine: "The funds invested in the modernization of ports, will be paid off quickly. In addition, he said, investors can consider projects in the hotel area in preparation for holding Euro 2012 in Ukraine, and projects on energy saving.

Thus, Mykola Azarov charged the Ministry of Economy and State Agency of Ukraine for Investment and Development to prepare for Emirates investors a package of long-term investment projects.

In turn, Hamed bin Zayed Al Nahayan expressed interest in strengthening cooperation between the two countries in investments in various industries. "We are interested in all proposals, in all projects, we just need time to study them, analyze, and it is possible that in many of them we will give a green light, - the managing director said, noting that a lot of investment organizations are willing to invest in Ukraine. "In our country not only one state organization, which I now present, operates and is interested in direct investments in Ukraine, but many others do, both public and semi-public organizations could successfully invest in Ukraine" - Hamed Bin Zayed Al Nahayan said.

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