Ukraine presents projects valued at $500M to investors in Saudi Arabia.

A Ukrainian delegation in Saudi Arabia engaged in discussions to deepen economic cooperation with nearly 100 local entrepreneurs. They presented these businesses with promising investment opportunities in energy, agriculture, agro-processing, and infrastructure. Moreover, collaboration in public-private partnerships and the involvement of Saudi Arabian companies in privatization were also discussed. The potential investments that were presented amount to $500M.

Minister of Economy Yulia Svyrydenko emphasized that Saudi Arabia actively supports Ukraine, noting that it has already allocated $500M for reconstruction.

“Now we can illustrate the call to invest in Ukraine without waiting for the war to conclude, showcasing particular businesses from Saudi Arabia. For instance, FAS Energy invested in renewable energy in Ukraine, and last year, SALIC became a co-owner of one of the largest Ukrainian agro holdings, MHP, acquiring 12.6% of the company’s shares,” she added.

According to the minister, exports to Saudi Arabia rose from $291M in 2023 to $368M in 2024.

A joint forum with business representatives from both countries will occur in May.