USD 25B Opportunity for Turkish Contractors in Ukraine | QHA media
31 August 2020, 15:15

USD 25B Opportunity for Turkish Contractors in Ukraine

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Ukrainian government will invest USD 25 billion in infrastructure in the next five years, which will open up opportunities to Turkish contractors.

Turkey is in the top three players in Ukraine’s domestic market in at least 10 sectors of the economy, says Head of the International Turkish Ukrainian Business Association (TUİD) Burak Pehlivan.

“There are about 700 Turkish companies operating in Ukraine. Investments amount to USD 3.6 billion. Turkish investors are among the top three players in the market in at least 10 sectors,” Pehlivan said during an online meeting on the topic “Market and Investment and Trade Opportunities in Ukraine”, which was organised by the Bursa Chamber of Commerce and Industry (BTSO).

He expressed hope that in the coming years Turkey will have the opportunity to more actively invest in Ukraine. “In the next five years, the Ukrainian government will invest USD 25 billion in infrastructure. This will open up opportunities to manufacturers and exporters of building materials and Turkish contractors,” Pehlivan noted.

According to him, positive trends are observed in economic and political relations between Ukraine and Turkey, which provide for new opportunities for the business circles of both countries.