The series of “positive shifts” in Qatar-Ukraine relations following the recent visit of Ukrainian officials led by President Volodymyr Zelenskyy is seen as a key factor in the expansion of both countries’ economic horizons, a business council executive has said.
“This week was a remarkable milestone in Qatar-Ukraine relations. During the official visit of President Volodymyr Zelenskyy to the State of Qatar, a number of strategic memorandums where signed to foster Qatar-Ukraine collaboration in a variety of sectors,” Qatar-Ukraine Business Forum (QUBF) founder and chairperson Dr Olga Revina told Gulf Times Saturday.
“Acting as a joint business council engaged in a fruitful collaboration with the Embassy of Ukraine in the State of Qatar, QUBF is focused on two major tasks: assisting Qatari businesses in pursuing Ukrainian market and investment opportunities, whilst attracting Ukrainian companies that can contribute to Qatar’s development needs,” Revina continued.
During his visit to Qatar, Zelenskyy was received by His Highness the Amir Sheikh Tamim bin Hamad al-Thani and held official talks at the Amiri Diwan. Both leaders discussed means of developing and strengthening bilateral relations, especially in the fields of energy, investment, transport, tourism, agriculture, infrastructure, and healthcare.
His Highness the Amir and Zelenskyy witnessed the signing ceremony of a number of agreements and memoranda of understanding (MoUs) between the governments of the two countries at the Amiri Diwan.
During the past week, Revina said QUBF hosted Ukrainian business delegates and facilitated meetings with their Qatari counterparts. She said “promising discussions” in the fields of real estate development, technology, innovations, and infrastructure took place between Ukrainian businessmen and officials of Qatari Businessmen Association (QBA) and other prominent Qatari conglomerates.
“Such clear vision of QUBF founders, coupled with a host of proactive partnerships with key organisations in both countries, has resulted in numerous successfully-realised projects. Further practical outcomes of QUBF activity have likewise manifested themselves in supporting Ukrainian businesses throughout various B2B events in Qatar by advising them on major regional guidelines of doing business on Qatari market.
A one of the “significant achievements” in the energy sector was the signing of an acquisition and partnership agreement between Qatar’s state owned Nebras Power and Ukraine’s UDP Renewables and its parent holding company, UFuture, Revina noted.
She said the agreements would allow investments into Ukraine’s renewable energy industry through the acquisition of operating solar portfolio and co-operation on developing greenfield renewable energy projects, “marking an important milestone in Qatar-Ukraine energy collaboration and investments into Ukraine’s green energy market.”
“The pool of negotiations organised by QUBF in the past week have outlined a further stage in partnership between Ukrainian Amber World Association, Ambra Simha Group (Ukraine), and Katara – the Cultural Village Foundation, Alfardan Group, AEB, and other reputed companies in the region.
“QUBF lent support to the Ukrainian Amber World Association to sign a strategic collaborative agreement with Katara – the Cultural Village Foundation, which has resulted into opening the Ukraine Amber Gallery at Katara,” Revina stressed.
She added: “The recent cascade of positive shifts in Qatar-Ukraine relations sounds very inspiring for the QUBF team and our partners because it will most surely expedite our efforts in expanding both countries’ economic horizons.”