Ukraine presented its vision for the restoration of industry based on green technologies during the Global Industrial Summit UNIDO GC21 held in Riyadh. Despite the targeted destruction of industrial and energy infrastructure by the Russian Federation, the country is focusing on creating an innovative, competitive, and fully integrated industry within the European space.
This is reported by Finway
Green Recovery Program and Investment Opportunities
The Ukrainian delegation presented a comprehensive UNIDO Program for the green recovery of the industrial sector for the period 2024–2028. Summit participants were invited to join this ambitious project aimed at implementing modern environmental standards and integrating Ukraine into global value chains.
“Ukraine is actively working on creating a modern, competitive, and sustainable industry that is fully integrated into the EU and global value chains.”
Creation of a Joint Investment Fund
During the summit, bilateral negotiations took place between Ukrainian officials and representatives of Saudi Arabia. The main focus was on finalizing the Priority Action Plan, which includes the launch of at least two key investment projects in 2026. An important area of cooperation will be the establishment of a joint investment fund, the Saudi-Ukraine PE Fund, with a total budget of $500 million.
In addition, the Saudi side is considering the possibility of joining the Viability Gap Fund, which aims to support public-private partnership projects. This opens new prospects for the implementation of large-scale infrastructure and industrial initiatives in Ukraine.