Saudi Arabia allocated $ 500 million for the restoration of Ukraine

17 February 2025, 03:01 | Policy
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Ukrainian delegation began an official visit to Saudi Arabia. On Sunday, February 16, in Riyadh, a meeting was held with almost a hundred local entrepreneurs, during which promising investment opportunities were presented in energy, agriculture, infrastructure and other sectors. This was reported by the press service of the Ministry of Economics.

Deputy Prime Minister Yulia Sviridenko noted that Saudi Arabia is an active partner of Ukraine, in particular, providing $ 500 million to restore the country. She emphasized that you can invest in Ukraine now, and gave examples of successful cooperation. In particular, Fas Energy invested in renewable energy, and Salic in September 2024 became a co -owner of one of the largest agricultural holdings of Ukraine - MHP, acquiring 12.6% of its shares.



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“Today we saw significant interest in infrastructure projects, energy, innovations and agribusiness. Joint efforts are already bringing results. So, export to Saudi Arabia grew from $ 291 million in 2023 to 368 million in 2024. We expect a further growth of this indicator, ”the Minister of Economics said.

In the following days, the Ukrainian delegation will hold dozens of meetings, preparing the visit of President Vladimir Zelensky to Saudi Arabia.




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