International investments in Ukraine amounted to $1.7B over two years

Over the two years of the full-scale war with russia, the total volume of international investments in Ukraine reached $1.7 billion, of which $1.2 billion were invested in 2023 alone. The head of the KSE Institute, Nataliya Shapoval stated the data during the Ukraine Business Compact (UBC) Workshop. AIN shares the key notes.

  • 43 global companies invested in Ukraine already during the full-scale invasion, including Bayer ($65 million), Carlsberg ($40 million), and CEMARK, which is part of the CRH group of companies ($30 million).
  • Another 12 companies announced investments, including Baykar, the developer of Bayraktar drones, which plans to invest $100 million in building a factory, service center and headquarters in Kyiv. At the beginning of 2024, Baykar started the construction of a plant near Kyiv, where about 500 people will work. Construction takes about 12 months to complete.
  • Also in 2023, CRH, the leading producer of construction materials in the world, signed a mandate letter with the EBRD regarding the joint acquisition of the assets of the Italian company Buzzi in Ukraine.
  • The most attractive sectors for global investors are IT, defense, and agribusiness.

Currently, the Ministry of Economy has identified five key sectors with investment opportunities totaling $292 billion: energy, transport and logistics, agriculture, “green” metallurgy, and critical materials. These industries make a significant contribution to the economy of Ukraine, have global growth potential, and also need replacement of destroyed capacities.