On the back of robust political and economic ties, which have been growing steadily over the years, Ukraine is keen on further attracting Qatari investments into the Eastern European country’s economy, according to ambassador Andrii Kuzmenko.
Ukraine’s top diplomat to Qatar made the statement Tuesday in his welcome remarks during Qatar Trade Summit 2021, which concludes Wednesday in Doha.
Kuzmenko said, “It is obvious that both countries have the necessary opportunities and potential to increase investment co-operation. I am sure that the successful concession of Ukrainian seaport Olvia by Qatari company QTerminals was just the beginning of the implementation of long-term bilateral investment projects between our states.
“Moreover, during the visit of Ukraine President Volodymyr Zelenskyy to Qatar this year, the agreement between Ukrainian enterprise UDP Renewables and Qatari state company Nebras Power on investments in green generation facilities in Ukraine was signed. That, once again, proves the substantive interest of the Ukrainian market for Qatari investors. These two examples are just some of the most visible cases of the successful Ukraine-Qatar business story.”
Only recently at the sidelines of the 26th UN Climate Change Conference in Glasgow, the ambassador said Zelenskyy held a meeting with His Highness the Amir Sheikh Tamim bin Hamad al-Thani. “One of our main common tasks is to intensify trade and economic co-operation,” said Kuzmenko, quoting the Ukrainian president.
“We have necessary conditions, legal framework, and political will to expand our economic relations...the leaders of two proud nations discussed the possibility of intensifying bilateral trade, as well as mechanisms for implementing the existing in the food and investment spheres. During the meeting, special attention was paid to the possibility and conditions of supplying Qatari liquefied natural gas to Ukraine,” Kuzmenko stressed.
According to Kuzmenko, Ukraine is becoming “more and more attractive” for foreign business, citing the country’s “great” potential and extensive domestic market, favourable geographical location, skilled manpower, scientific potential, and developed infrastructure.
“I am really glad to see an increase of interest in the Ukrainian market from Qatar's investors,” said Kuzmenko, who said the total volume of trade between Ukraine and Qatar amounted to “$146.12mn” in 2020.
In the first eight months of 2021, Kuzmenko noted that Ukraine’s trade turnover in goods stood at nearly “$124.5mn” compared to “$98mn” the embassy recorded for the same period in 2020.
“These are so far record-high figures in the history of our bilateral relations. Nevertheless, there is still significant, unused potential for its further expansion and diversification,” the ambassador emphasised.
He added: “We are also extremely pleased to witness permanent growth of bilateral trade acceleration of the business contacts between our states beginning with substantive co-operation in the investment sphere.”
Kuzmenko also lauded Qatar’s reputation as recognised regional leader and its significant role in maintaining peace and stability, as well as the humanitarian assistance the State extended to the international community, including Ukraine, at the height of the Covid-19 pandemic, which the ambassador described as “an unprecedented worldwide humanitarian operation.”
Qatar-Ukraine Business Forum (QUBF) founder and chairperson Dr Olga Revina said QUBF is the Association Partner of Qatar Trade Summit 2021 and will be delivering keynotes at the event Wednesday.
“As a partner of Qatar Trade Summit, I plan to share more insights about Ukraine and present our QUBF portfolio of attractive business proposals for further collaborative beneficial steps,” Revina told Gulf Times in a statement.
Ukraine’s top diplomat to Qatar made the statement Tuesday in his welcome remarks during Qatar Trade Summit 2021, which concludes Wednesday in Doha.
Kuzmenko said, “It is obvious that both countries have the necessary opportunities and potential to increase investment co-operation. I am sure that the successful concession of Ukrainian seaport Olvia by Qatari company QTerminals was just the beginning of the implementation of long-term bilateral investment projects between our states.
“Moreover, during the visit of Ukraine President Volodymyr Zelenskyy to Qatar this year, the agreement between Ukrainian enterprise UDP Renewables and Qatari state company Nebras Power on investments in green generation facilities in Ukraine was signed. That, once again, proves the substantive interest of the Ukrainian market for Qatari investors. These two examples are just some of the most visible cases of the successful Ukraine-Qatar business story.”
Only recently at the sidelines of the 26th UN Climate Change Conference in Glasgow, the ambassador said Zelenskyy held a meeting with His Highness the Amir Sheikh Tamim bin Hamad al-Thani. “One of our main common tasks is to intensify trade and economic co-operation,” said Kuzmenko, quoting the Ukrainian president.
“We have necessary conditions, legal framework, and political will to expand our economic relations...the leaders of two proud nations discussed the possibility of intensifying bilateral trade, as well as mechanisms for implementing the existing in the food and investment spheres. During the meeting, special attention was paid to the possibility and conditions of supplying Qatari liquefied natural gas to Ukraine,” Kuzmenko stressed.
According to Kuzmenko, Ukraine is becoming “more and more attractive” for foreign business, citing the country’s “great” potential and extensive domestic market, favourable geographical location, skilled manpower, scientific potential, and developed infrastructure.
“I am really glad to see an increase of interest in the Ukrainian market from Qatar's investors,” said Kuzmenko, who said the total volume of trade between Ukraine and Qatar amounted to “$146.12mn” in 2020.
In the first eight months of 2021, Kuzmenko noted that Ukraine’s trade turnover in goods stood at nearly “$124.5mn” compared to “$98mn” the embassy recorded for the same period in 2020.
“These are so far record-high figures in the history of our bilateral relations. Nevertheless, there is still significant, unused potential for its further expansion and diversification,” the ambassador emphasised.
He added: “We are also extremely pleased to witness permanent growth of bilateral trade acceleration of the business contacts between our states beginning with substantive co-operation in the investment sphere.”
Kuzmenko also lauded Qatar’s reputation as recognised regional leader and its significant role in maintaining peace and stability, as well as the humanitarian assistance the State extended to the international community, including Ukraine, at the height of the Covid-19 pandemic, which the ambassador described as “an unprecedented worldwide humanitarian operation.”
Qatar-Ukraine Business Forum (QUBF) founder and chairperson Dr Olga Revina said QUBF is the Association Partner of Qatar Trade Summit 2021 and will be delivering keynotes at the event Wednesday.
“As a partner of Qatar Trade Summit, I plan to share more insights about Ukraine and present our QUBF portfolio of attractive business proposals for further collaborative beneficial steps,” Revina told Gulf Times in a statement.
