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"It's time for Ukraine to attract more foreign investment" - Ukrainian Presidential Administration Head

"It's time for Ukraine to attract more foreign investment" - Ukrainian Presidential Administration HeadIt's time for Ukraine to attract more foreign investment, head of the Ukrainian Presidential Administration Borys Lozhkin said after meeting with chiefs of one of the largest business conglomerates of Oman's Sultan – Suhail Bahwan Group (SBG) on Monday.

"Now it is the time to intensify efforts to attract foreign investments. We have what to offer for international capital in various areas of economy, and we need to fulfill our potential. We need to create conditions for investors, ones which they are accustomed to working around the globe – distinct, clear, safe [conditions]. And I am ready to coordinate the work in this direction," he said.

"We have discussed which sectors of Ukrainian economy could be interesting for SBG in terms of strategic investments," he added.

SBG holding with a multibillion turnover is a large player on a global market of nitrogen fertilizers, which owns assets in areas of energy and power, infrastructure and building, transport and medical services, and others.

Read also: 3 projects for Ukraine currently waiting for approval by EIB board

In his words, volumes of foreign investments are continuing to grow in 2016, but the pace is insufficient. Ukrainian economy, as before, desperately needs the participation of foreign investors. "This is one of the key factors of its growth. That's what I was saying on behalf of the president in meetings with investors in London, Washington, Baku, Kyiv," he said.
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