Chairman of the SPFU Vitaliy Koval met with UkraineInvest

The Chairmanof the State Property Fund met with the management of UkraineInvest. During the meeting, they discussed ways to improve cooperation between the agencies. In particular, ways to promote the attraction of foreign direct investment in the Ukrainian economy through privatization.

The key goal of strengthening the cooperation between the SPFU and UkraineInvest is to maximize the formation of an effective investment policy and attract private investment in public sectors of the economy.

Vitaliy Koval emphasized to the partners that the SPFU's investment portfolio has offers for foreign investors with various investment opportunities. The SPFU controls real estate with excellent technical characteristics and intended use. In particular, the proposals include production facilities, ports, hotels, distilleries and grain processing complexes.

"In 2024, the State Property Fund aims to start privatizing large state assets that could become drivers of the Ukrainian economy. Also this year, we are opening new, promising areas of work - lease of agricultural land and sale of sanctioned assets. The SPFU is ready to cooperate with foreign investors, and successful privatization cases will draw attention to the Ukrainian economy," Vitaliy Koval said.

In turn, Oleksandr Melnychenko, acting executive director of UkraineInvest, said: "Given that foreign investors may be potentially interested in objects within the SPFU's competence, close cooperation between UkraineInvest and the SPFU is an essential prerequisite for attracting investment to Ukraine. Brownfield assets, i.e., existing production facilities or real estate that are abandoned or economically unused, are beneficial to business because of the communications available there. We have the opportunity, for example, to create a powerful movement of industrial parks on the basis of such facilities."