Ukraine’s positive economic reforms and investment climate offer Qatari investors opportunities in the energy, agriculture, infrastructure, and small and medium-sized enterprises (SMEs) sectors, the country’s deputy prime minister told Qatar Chamber officials
In a meeting held at the chamber’s headquarters yesterday, Ukrainian Deputy Prime Minister and Minister of Economic Development and Trade Stepan Kubiv said Ukraine “has a promising vision that aims to attract foreign investments.”
He said Ukraine is ready to co-operate with Qatar in the 2022 World Cup-related projects, and stressed that the country is well-experienced in this sector. He also called for the building of partnerships between Qatari and Ukrainian businessmen and SMEs from both sides.
Kubiv said the visit of Ukraine President Petro Poroshenko to Qatar in March “laid strong foundations” for co-operation between the two countries and contributed to more co-operation in trade, economy, industry, and investments.
Citing Moody’s ratings, Kubiv said Ukraine achieved positive economic reforms and moved from “stable” to “positive” status. He noted that the Ukrainian economy recorded a 4% growth in 2018, saying “it had achieved great development” in procedures on doing business, according to global rankings.
“With regard to Ukraine’s investment climate, our country prepared a very good investment climate for adopting public-private partnership (PPPs) projects, Kubiv pointed out.
He lauded the strong relations with Qatar, stressing that “Qatar is one of Ukraine’s important partners in the Arab world.” He noted that the relationship of both countries is “firm and promising” and that there is “a joint desire to develop relations to higher levels.”
In a speech at the meeting, Qatar Chamber first vice-chairman Mohamed bin Towar al-Kuwari expressed optimism that the meeting will help enhance relations in all economic and trade areas and to introduce businessmen to investment opportunities in both the countries.
According to al-Kuwari, trade volume between Qatar and Ukraine stood at $70mn. On private sector co-operation, he said there are many Qatari investments in Ukraine, especially in hospitality sector.
Al-Kuwari said both countries have eased visa policies allowing Qatari and Ukrainian citizens visa-free entry and a direct flight between Doha and Kiev, which was launched last year. He said these measures affirm the enhancement of co-operation ties in tourism and other joint investments.