The meeting in Riyadh initiated by private sector companies, aimed to introduce the most important investment areas in Ukraine. A number of prominent Saudi business groups were present at the meeting. The main areas of interest were agriculture, industrial sectors, and tourism. Opening the meeting, the Ambassador of Ukraine to Saudi Arabia, H.E. Vadym Vakhrushev, spoke about existing and planned investment projects in the agriculture sector of Ukraine. In an interview following the meeting, he also expressed his hope for an increase in agricultural investments from Saudi Arabia into Ukraine.
Speaking to the participants, Kostiantyn Gridin pointed out the main factors that have created the best momentum for foreign investments to come to Ukraine. “The first factor is the depreciation of national currency, which made all exported goods and services much cheaper in USD. The second factor is the economic crisis and depression,which caused a significant drop in prices for all main industrial, agricultural and real estate assets. The third factor is the fast development of the new economy – IT companies and technology startups. That’s why we see a growing interest to invest in Ukraine, and we are ready to assist investors in every possible way,” said Mr.Gridin.